Reported about 1 year ago
Following an investigation into the 'Tai She Zhi Shan Yuan' self-redemption project in Xinzhuang, New Taipei City, the chief responsible figures of Tai She Realty and Tai Kun Construction, including Chairman Yang Yue-xiu, were prosecuted for allegedly obtaining fraudulent loans totaling over 8.35 billion NTD from public banks by falsifying presale contracts since 2017. The defendants are accused of inflating sales figures through various means to meet loan conditions, deceiving banks and causing significant financial harm. They are now facing charges for bank fraud and embezzlement.
Source: YAHOO