Reported about 1 year ago
New Shin Kong founder Wu Dongjin lost control over the financial group and recently took over as chairman of Greater Taipei Gas, but faced further turmoil with reports of being taken in for questioning due to suspicions over New Shin Kong Life's investment in New Shin Kong Jiashi Fort possibly violating insurance laws. The investigation does not affect the company's operations, confirmed by New Shin Kong's update stating that the search by the Investigation Bureau at New Shin Kong was related to specific property information. Wu Dongjin and others were brought in for questioning by the New Taipei City Prosecutor's Office's investigation bureau over real estate investment cases. The context involved the construction of 'Jiashi Fort Aerobic Park,' alleged to have fraudulent construction expenses. The Financial Supervisory Commission had previously fined New Shin Kong for various deficiencies related to Jiashi Fort, leading to speculation that this investigation follows the FSC's penalties. This incident may reflect a handover to judicial authorities for further investigation.
Source: YAHOO