Reported 10 months ago
In a surprising development, a search was conducted at New Life under the New Life Financial Holding's New Life Insurance due to suspected irregularities in the investment in and construction of 'Sinban Castle' in 2022, prompting the involvement of former New Life Financial Holding chairman and ex-legislator Wu Xin Ying's father, Wu Dongjin, in the investigation. The search involved 18 routes and resulted in the summoning of 19 individuals for potential violations of insurance regulations. The case revolves around alleged rental schemes and misuse of construction funds related to 'Sinban Castle,' with the investigation focusing on Wu Dongjin and senior management officials. New Life Insurance emphasized that the search is unrelated to their operations, while the situation is expected to be clarified through legal investigations.
Source: YAHOO