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Married couple in bank fraud case sentenced to over 25 years in jail

Married couple in bank fraud case sentenced to over 25 years in jail 12/31/2020 06:11 PM Pixabay image for illustrative purpose only. Taipei, Dec. 31 (CNA) A Taipei court on Thursday sentenced a married couple, who are former company owners, to over 25 years in jail each along with huge fines for fraudulently obtaining NT$47.10 billion (US$1.68 billion) in loans from 12 banks. The Taipei District Court handed down a sentence of 26-years in prison and a fine of NT$600 million to Yang Wen-hu (楊文虎), a former head and co-owner of Taipei-based New Site Industries Inc. (NSI), with a 28-year prison sentence and fine of NT$650 million for his wife Wang Ying-chih (王音之), also a former co-owner of the company, for violations of the Money Laundering Control Act and the Banking Act among others.

Taiwanese national found guilty of working with Chinese intelligence

Taiwanese national found guilty of working with Chinese intelligence 12/31/2020 10:12 PM To activate the text-to-speech service, please first agree to the privacy policy below. Taipei, Dec. 31 (CNA) A Taiwanese businessman was found guilty of working with Chinese intelligence and handed a three-month jail sentence or payment of a fine by the Taipei District Court Thursday, though the case can still be appealed. The man, surnamed Huang (黃), was found guilty of violating Article 2-1 of the National Security Act, which stipulates that individuals are prohibited from collecting confidential information or developing an organization for another country, such as China, to serve its military or for other purposes.

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