Reported 7 months ago
Former New Life Chairman Wu Dongjin was found to have misused his position when managing 'New Ban Jesburg,' causing the company losses of approximately 150 million New Taiwan Dollars. Wu was released on bail for 100 million NT as part of an ongoing investigation. He is accused of approving rental agreements and additional construction projects benefiting related companies without proper disclosure, leading to financial harm. Multiple other defendants and witnesses have also been questioned in relation to the case as authorities investigate further for potential insurance fraud.
Source: YAHOO