Korean family fails in bid to block sharing of tax data

Information requested by Korean authorities relevant to $334m tax evasion probe: S'pore's top court

Singapore's top court has rejected a bid by a Korean family challenging the taxman's move to give the National Tax Service of the Republic of Korea (NTS) information involving at least US$250 million (S$334 million) in bank accounts here.

The accounts were in the names of 51 nominee companies created by the father using the names of his wife and their two sons as well as various staff from a group of companies he owned, known as "K" Group.

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A version of this article appeared in the print edition of The Straits Times on May 14, 2018, with the headline 'Korean family fails in bid to block sharing of tax data'. Print Edition | Subscribe