Reported 7 months ago
Chairman Wu Dongjin of Shin Kong Financial has been implicated in a scandal and summoned by authorities for questioning after a search, posting a bail of NT$100 million. In response, legislator Lin Chu-yin cryptically remarked 'Trouble is truly brewing,' calling on the FSC to investigate if Wu Dongjin was involved in other Shin Kong subsidiaries, especially a NT$12.5 billion fund increase case to avoid financial instability. However, FSC Chairman Peng Chin-long insisted that this scandal was 'personal behavior of a major shareholder' and aims to contain the impact of Shin Kong scandal. The case dates back to September 2020 when FSC discovered irregularities in overseas investments by Shin Kong Life. Wu Dongjin was suspended until June 2023, and later implicated in a securities fraud case. Following the recent revelations, netizens are suspicious and demand a thorough investigation without letting anyone off lightly.
Source: YAHOO