Financial authorities will launch another screening of Samsung chief Lee Kun-hee's bank accounts held under borrowed names.
At a parliamentary audit session on Monday, Choi Jong-gu, chairman of the Financial Services Commission(FSC) told lawmakers that the business mogul's assets worth some four-point-four trillion won will be subject to another review on how funds were withdrawn, closed and transferred through the borrowed-name accounts.
When asked whether he agrees on charging a 90 percent tax, if the accounts are verified as assets without real-name verification and registration, the chairman said he agreed.
Financial authorities can levy taxes of 90 percent on interest and dividend income on assets that aren't registered under real names.
The FSC's press release on Monday added that after various procedures of scrutiny by prosecutors, the National Tax Service as well as the financial commission, the conglomerate chief's holdings could be subject to differential tax rates, in line with the Real Name Financial Transaction Law.