Reported 8 months ago
Wu Guangxun, a former Kuomintang legislator implicated in stock manipulation, including his involvement in manipulating the stock of 'Jiechao' and 'Kangyou', has had his 2.5-year prison sentence confirmed and is expected to be sent to jail. Despite his urgent plea for retrial and execution suspension, the court rejected his request, stating that the presented facts were not new evidence and did not provide sufficient reason to overturn the verdict. Wu, also known as 'Fengyin Wu', utilized accounts under his three children's names to conduct illegal stock trading, leading to his conviction. The court dismissed his claims of losses and denial of wrongdoing, upholding the ruling and ordering Wu to serve his sentence.
Source: YAHOO