NT$100 million bail set for ex-Taipei 101 chief

Lin has not posted the amount and remains in detention as of press time.

According to prosecutors, Lin has provided a partial confession, pleading guilty to doctoring financial statements and deliberate concealment of information.

Lin has denied money laundering, a breach of trust and other violations of the Securities and Exchange Act (法證交法). During interrogation, Lin stressed that “everything done was for the good of the company,” according to prosecutors.

Investigators are seeking a 12-year jail term and a fine of NT$400 million for Lin, who is suspected of hollowing out some NT$1.8 billion in assets from Jin Shang Chang Development Corp. (金尚昌).

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Taiwan, US discuss TIFA resumption: Minister Shih

NEXT ARTICLE
Hotai to mark Lexus anniversary with Chicago Symphony concert

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit