Source: World Wide Web
[Global Network report] According to Taiwan's "Zhongshi News Network", Zhao Jianming, the son-in-law of the former leader of Taiwan, Chen Shui-bian, is suspected of participating in the "Taiwan Land Development Company Insider Transaction Case" (referred to as: Taiwan opened the case) )”, the case went through 16 years of investigation and litigation, and Taiwan’s “High Court” reviewed it five times.
Screenshot of Taiwan’s “Zhongshi News Network” report
According to reports, Zhao Yuzhu, the father of the co-defendant Zhao Jianming, is Chen Shuibian’s in-laws. He bought stock with insider information when Chen Shuibian was in office, and made a profit of more than 30 million NT. The Supreme Court "considered that he surrendered part of the proceeds of crime and sentenced him to 4 years in prison; former "Taikai" chairman Su Dejian was sentenced to 3 years and 8 months in prison, and Yu Shiyi, general manager of Broadband Real Estate News, was sentenced to 4 years and 4 months in prison, and the whole case was finalized. The prosecution has been notified to initiate escape prevention procedures.
Chen Shui-bian's son-in-law Zhao Jianming (file photo). The picture is from Taiwan's "China Times News Network"
reported that " Taiwan opened the case " because in 2005, Zhao Jianming was invited to Mitsui Japanese restaurant to have dinner with Su Dejian, You Shiyi and others. During the meeting, Su Dejian revealed that "Taiwan Zhao Jianming told his father Zhao Yuzhu the news, and together with You Shiyi bought low and sold high, and sold them when the stock price of "Taiwan Kai" rose, earning huge profits. The
report mentioned that the judge of the first instance sentenced Zhao Jianming to 6 years in prison, the sentence of the second instance was aggravated and changed to 7 years, until the third instance determined that the insider trading profit did not exceed NT$100 million, and began to give a lenient sentence of 4 years in prison; the sentence was changed to 4 years in the fourth instance 3 years, but was revoked by the "Supreme Court".
The fifth trial held that the "Taiwan-opened insider trading case" made illegal profits exceeding NT$100 million, and should be punished more severely for the "crime of insider trading". After 3 years and 8 months, the defendant's appeal was rejected by the "Supreme Court" and the case was finalized. The
report finally mentioned that the "Taiwan-opened case" was finally finalized, and the 16-year-long dispute finally established the "Taiwan-opened insider trading identification standard", which established the stability and predictability of the law and established the basis for future cases. basis, including specific and clear information identification standards, materiality standards, and the basis for calculating criminal proceeds.
