Reported 7 months ago
Former New Life Insurance Chairman Wu Dongjin was detained on suspicion of benefiting related enterprises while managing 'New Ban Jieshiba,' causing losses of about 150 million New Taiwanese dollars to the insurer. Prosecutors allowed Wu to post bail of 100 million yuan for charges under the Insurance Law. The investigation revealed multiple instances of undisclosed transactions leading to significant financial losses for the insurance company. The case is being prosecuted rigorously by the New Taipei City Prosecutor's Office focusing on insurance fraud.
Source: YAHOO