Samsung Artworks Still Not Found

SEOUL, South Korea—Investigators searching Samsung's storehouses for two expensive artworks, Frank Stella's Bethlehem's Hospital and Roy Lichtenstein's Happy Tears, allegedly purchased with an illicit slush fund, failed to find the paintings, Financial Times Information reports. However, the investigators discovered thousands of other artworks at the storage facilities near Everland, South Korea's largest amusement park, which Samsung owns. The investigation began after Kim Yong-chul, a former Samsung lawyer accused the company of a number of illegal activities, including that Hong Ra-hee, the wife of Samsung Group Chairman Lee Kun-hee and director general of the Leeum Samsung Museum of Art, used $64 million from Samsung's alleged slush fund to purchase expensive art. Kim claimed Hong bought the Stella and Lichtenstein works between 2002 and 2003. Happy Tears sold for $7.1 million at Christie's in New York to an anonymous bidder in 2002, and Bethlehem's Hospital is estimated to be worth $8 million. No artworks were confiscated from the storage facilities.