Reported 8 months ago
During a financial crisis, Taiwan Land Development Corporation allegedly fabricated false transaction records, violating the Securities and Exchange Act. The authorities initiated an investigation and summoned former Chairman Chiu Fu-sheng and other related individuals. The company, established in 1964 and privatized in 2008, faced financial turmoil starting in 2020, leading to 31 postponements in 2022, amounting to over 400 million NT dollars. Unable to repay, the company was delisted on August 4 of the same year.
Source: YAHOO