CJ Group, South Korea’s leading food and entertainment conglomerate, said Tuesday that a group of management experts will lead the conglomerate as its chairman has been detained on charges of creating secret funds and evading taxes.

CJ Group said, “The group will play the role of the group’s key decision maker,” in order to maintain the operations of the group.

On late Monday, Lee Jay-hyun was taken to a detention center on the southern part of Seoul immediately after a warrant was issued for his arrest for allegedly dodging some 70 billion won ($61.4 million) in taxes by stashing secret funds and misusing 100 billion won in company money.

Lee was also accused of inflicting financial losses worth 35 billion won to the group by fraudulently purchasing two buildings in Tokyo.

Sohn Kyung-shik, the chairman of the Korea Chamber of Commerce Industry, will lead the management group, which is comprised of Lee Mie-kyung, the vice chairman of the group’s entertainment arm CJ E&M Corp., and three heads of the group’s subsidiaries.

Sohn is an uncle on the mother’s side of the arrested CJ chairman, while Lee Mi-Kyung is his elder sister.

Sohn will continue to serve as chairman of the KCCI despite taking part in the conglomerate’s operation, Lee Dong-geun, the KCCI’s vice chairman, said in a meeting with reporters earlier in the day. (Yonhap News)