Reported about 1 year ago
On June 25, 2024, former chairman of Taiwan Land Development Company, Qiu Fusheng, was unable to raise 1.5 million bail money after being implicated in falsifying financial reports through false real estate transactions, violating securities laws. When summoned by the North Prosecutors' Office, he was unable to pay, leading to bail restrictions on leaving the country and electronic monitoring. Qiu Fusheng, a media mogul turned businessman, struggled to meet the bail condition and had to leave the office with assistance from the police in arranging a taxi.
Source: YAHOO