The plutocrats in the pokey
Chey Tae-Won
South korea $2.5 Billion
The heir to South Korean industrial group SK Holdings is serving a four-year sentence for embezzling $47 million from his companies. He hired a reputed fortune-teller named Kim Won-Hong to run his investments, and as losses mounted, Chey funnelled corporate cash to him. Kim has been extradited from Taiwan to South Korea.
(This story appears in the 04 April, 2014 issue of Forbes India. To visit our Archives, click here.)