Reported 8 months ago
Huang Wenlie, former chairman of Provisonal KY Company & Life Tech Stock 'King', was sentenced to 25 years in prison by the Taipei District Court after being involved in a fraud case with Chinese property tycoon Wang Mingliang, creating profits exceeding 22.9 billion NTD through securities fraud, bank loan fraud, and money laundering. The court also handed varying sentences to 26 other defendants, while speculating trader Zheng Guangyu remains at large pending court proceedings.
Source: YAHOO