Kedah-born Father of Pendrive Might Go To Jail | Appeals To Taiwan Court

×

SEARCH FOR

Input your search keywords and press Enter.

News

Kedah-born Father of Pendrive Might Go To Jail | Appeals To Taiwan Court

07-Nov-2021
By m7py

It looks like the Kedah-born 'Father of Pendrive' is appealing against a jail sentence in Taiwan. 


https://www.wargabiz.com.my/wp-content/uploads/2020/12/Untitled-design-46-1024x608.png


Last October 29, Phison Electronics Corp founder and chairman, Datuk Pua Khein-Seng was convicted by a Taiwan district court under Article 171 of the Securities and Exchange Act. 


https://www.digitimes.com/newsshow/20210818PD203_files/1_b.jpg


He made false company reports and was sentenced to two years in prison. However, Pua is seeking to appeal against the sentence. 


https://www.taipeitimes.com/images/2020/04/01/P02-200401-002.jpg


According to Phison, Pua had made some "special business arrangement" when struck by stiff competition during the 2008 financial crisis. 


https://api.www.qtumic.com/api/v1/media/file/45cc84d1-625a-4d16-8b10-ce4547e1313a.png


The case was first investigated in August 2016, and ended up with a penalty of NT$110 million (RM16.3 miilion) imposed on Pua. 


https://media.thevibes.com/images/uploads/covers/_large/Pua_Khein_Seng_-_Screengrab_from_Phison_Electronics_Corp_YouTube.png


Investigation restarted when there were allegations that Pua transferred funds to a Hong Kong subsidiary to free up cash flow & reduce the financial cost of his company. 


https://soyacincau.com/wp-content/uploads/2021/11/210311-phison-ks-pua-1024x768.jpg


Pua is currently appealing the conviction while resuming settlement discussions with the Securities and Futures Investors Protection Centre. 

pendrive Taiwanese taiwan court malaysian


m7py

Thank you for reading!

Report

Trending


KJ: No Need To Use MySejahtera App If CoVid-19 Cases Keep Going Down

News   31-Mar-2022

"Amaran Terakhir!" KK Mart App Hacked With Stern Warning With Stern Warning Amidst Ongoing "Allah" Sock Controversy

Trending   1 Week ago

Two Deaths, Ten Affected By Food Poisoning Reported In Vegetarian Restaurant Owned By Malaysian In Taiwan

Food   2 Days ago