Reported about 1 year ago
Former chairman of Taiwan Land Development Corporation, Chiu Fu-sheng, is involved in a financial crime investigation under the Securities Exchange Act. Despite being initially bailed at 1.5 million, he is now under house arrest due to inability to pay the bail. Chiu is restricted from leaving or boarding ships and must wear an electronic monitoring device. The investigation includes six individuals, with Chiu being the central figure suspected of financial misconduct during his tenure at the company. The company has cooperated with authorities and awaits further developments in the case.
Source: YAHOO