Reported 7 months ago
According to CtiTV News on June 11, 2024, the Financial Supervisory Commission recently found that New Life Insurance's subsidiary 'New Ban Jie Shi Bao' is suspected of fraud. The prosecutors investigated New Life's headquarters, Jie Shi Bao, Wu Dongjin, and other locations yesterday and interrogated several company executives overnight until this morning, when they were released on bail. The investigation was initiated due to a tip received by authorities, suggesting irregularities during the planning and construction of the luxury hotel-residence 'New Ban Jie Shi Bao' in New Taipei. Wu Dongjin, among others, faces allegations in this case. Wu Dongjin and others posted bail amounts ranging from 1 to 100 million NT dollars. This incident may be related to a previous penalty imposed on New Life Insurance by the FSC in 2022 for violating regulations, and further investigation is ongoing.
Source: YAHOO