South Korea – Samsung executives found guilty of destroying evidence in fraud case

Three Samsung executives faces jail time for destroying evidence related to a criminal probe of potential accounting fraud at CDMO affiliate Samsung BioLogics

Samsung BioLogics has fought accusations that it inflated the value of its Biogen biosimilar joint venture Samsung Bioepis, breaking accounting rules in the process.

Counter to that defense? The fact that several executives destroyed and hid evidence. And now, three of those execs could face jail time.

A Seoul court on Monday handed out jail terms of up to two years to three Samsung Electronics executives for their roles in destroying data and documents at Samsung BioLogics, according to Yonhap