Former Chairman of Shin Kong Life Insurance, Wu Dongjin, Involved in Fraud Allegations and Released on Bail at High Cost

Reported 7 months ago

On June 11, 2024, ex-chairman Wu Dongjin of Shin Kong Life Insurance, wearing a black hat, sunglasses, and a black mask, entered the New Taipei District Prosecutors' Office hiding behind a friend. Wu is being investigated for his alleged involvement in fraudulent activities related to Shin Kong Life Insurance's Jieshi Palace case. After being searched and summoned by authorities, Wu tried to block reporters and was eventually granted bail of 100 million NTD on the morning of June 12 for suspected violations of the Securities and Exchange Act.

Source: YAHOO

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