Latest Business News: CJ Group Chairman Lee Jay-hyun Detained on Tax Evasion, Embezzlement Charges

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Latest Business News: CJ Group Chairman Lee Jay-hyun Detained on Tax Evasion, Embezzlement Charges

Latest Business News: CJ Group Chairman Lee Jay-hyun Detained on Tax Evasion, Embezzlement Charges
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Latest Business News: CJ Group Chairman Lee Jay-hyun Detained on Tax Evasion, Embezzlement Charges

by Wochit 0:58 mins

Latest Business News: CJ Group Chairman Lee Jay-hyun Detained on Tax Evasion, Embezzlement Charges

by Wochit 0:58 mins

Lee Jay-hyun, chairman of CJ Group, the South Korean conglomerate known for its food and entertainment businesses, was detained on charges of tax evasion, breach of trust and embezzlement. Japan's Mitsubishi-UFJ Financial-Group has agreed to buy a controlling stake in Thailand's Bank of Ayudhya for up to $5.61 billion as Japanese lenders expand into fast-growing Southeast Asian economies to beat slower growth at home. Chrysler's U.S. sales in June rose 8 percent on strong demand for its two best-selling vehicles, the Ram full-size pickup truck and Jeep Cherokee SUV. Chrysler Group LLC, majority-owned by Italy's Fiat, reported U.S. sales last month of 156,686 vehicles, in line with analysts' expectations and the company's best June results since 2007.

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