Married couple in bank fraud case sentenced to over 25 years in jail
12/31/2020 06:11 PM
Pixabay image for illustrative purpose only.
Taipei, Dec. 31 (CNA) A Taipei court on Thursday sentenced a married couple, who are former company owners, to over 25 years in jail each along with huge fines for fraudulently obtaining NT$47.10 billion (US$1.68 billion) in loans from 12 banks.
The Taipei District Court handed down a sentence of 26-years in prison and a fine of NT$600 million to Yang Wen-hu (楊文虎), a former head and co-owner of Taipei-based New Site Industries Inc. (NSI), with a 28-year prison sentence and fine of NT$650 million for his wife Wang Ying-chih (王音之), also a former co-owner of the company, for violations of the Money Laundering Control Act and the Banking Act among others.