Reported 7 months ago
According to Formosa TV's news website on June 11, 2024, at 8:05 pm, New Shinkong Life Insurance under Shinkong Financial Holding was reportedly searched by prosecutors for suspected irregularities related to its investment in 'Shinban Jieshibao' in 2022. Former Shinkong Financial Holding chairman and ex-legislator Wu Xinhe's father, Wu Dongjin, was questioned for hours and eventually released on a bail of 100 million. Sixteen individuals were questioned for violations of the Securities Exchange Act, and two others from New Shinkong Life Insurance and the real estate management department were also released on bail.
Source: YAHOO