What was the verdict in Chen Wu-hsiung's loan fraud case?

Chen Wu-hsiung, founder of Hutung Group, was sentenced to 4 years and 6 months in prison for a loan fraud case involving Taiwan Youli chain gas stations, with the Supreme Court rejecting his appeal and finalizing the verdict.

How much money did Chen Wu-hsiung defraud?

Chen Wu-hsiung defrauded banks of NT$3.933 billion in the name of Youli Company, with an outstanding principal of NT$782,884,673.

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Hutung Group Founder Chen Wu-hsiung's Loan Fraud Case: 4 Years 6 Months Imprisonment Finalized

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Chen Wu-hsiung, founder of Hutung Group, has been sentenced to 4 years and 6 months in prison for violating banking laws in a loan fraud case involving Taiwan Youli chain gas stations. The Supreme Court rejected his appeal yesterday, finalizing the verdict. Chen Wu-hsiung defrauded banks of over NT$3.9 billion between 2010 and 2012.

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Frequently Asked Questions

Q: What was the verdict in Chen Wu-hsiung's loan fraud case?: A: Chen Wu-hsiung, founder of Hutung Group, was sentenced to 4 years and 6 months in prison for a loan fraud case involving Taiwan Youli chain gas stations, with the Supreme Court rejecting his appeal and finalizing the verdict.
Q: How much money did Chen Wu-hsiung defraud?: A: Chen Wu-hsiung defrauded banks of NT$3.933 billion in the name of Youli Company, with an outstanding principal of NT$782,884,673.