The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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1/02/2008
Samsung Corporate Shenanigans Include Art Fraud?
In and amongst all the other bad acts being reported in connection with the poweful Korean electronics firm, accusations are flying that Samsung's company chairman, Lee Kun-hee diverted some $64 million for the purpose of allowing his wife to buy art.

But this wasn't exactly for buying a Picaso to hang behind the toilet. Lee's wife, Ra Hee Hong Lee, is the director-general of the Leeum, Samsung Museum of Art. The interesting details can be found, here via The Art Newspaper.

-- MDT

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