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

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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. 


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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

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