Xian Zong Industry Chairman Defrauded Loans Exceeding 1.1 Billion; Second Trial Reduces Sentence to 12 Years
NQ Score
100/100
AI Summary (NQ-processed)
The male chairman of the well-known steel wire manufacturer Xian Zong Industry and his wife were accused of defrauding loans exceeding NT$1.1 billion and defrauding upstream and downstream suppliers. The first instance court sentenced the chairman to 12 years and 4 months and his wife to 6 years and 10 months. The Kaohsiung High Court announced its second instance ruling today, reducing the sentences to 12 years for the chairman and 6 years and 6 months for his wife. The case is still appealable.
AI analysis data is not yet available.