Core Pacific City Land Sale Allegedly Violates Securities Exchange Act, Shen Ching-ching Faces 26-Year Sentence
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The Taipei District Prosecutors Office has indicted 13 individuals, including Wei-Ching Group Chairman Shen Ching-ching, for alleged violations of the Securities Exchange Act in the sale of Core Pacific City land. Shen Ching-ching faces a total of 26 years in prison. The land was acquired by Dingyue Development, a subsidiary of China Petrochemical Development Corporation, for NT$37.2 billion.