China News Service, August 19th. According to Taiwanese media reports, You Naiwen, the former head of the investment group of the Labor and Finance Bureau of Taiwan's "Ministry of Labor", was accused of manipulating the stock of Far East Department Store with Tang Chulie, the former CEO of Baojia Group, and the industry. You Naiwen and 12 people in the industry After being prosecuted, the Taipei District Court today (19th) sentenced You Naiwen to 9 years in prison and 5 years of deprivation of public power.
The Taipei District Prosecutor's Office accused Tang Chulie, in order to allow Baojia and Jiayuan Company to take advantage of the price gap to make profits from the price difference, and chose the stock of Far Eastern Department Store as the target, and combined with You Naiwen to induce the industry to illegally manipulate the stock price of Far Eastern Department Store.
According to the statistics of the prosecution's investigation office, Tang Chulie, You Naiwen and others manipulated the stock price of Far East Department Store, allowing Baojia and Jiayuan to obtain NT$275.561241 million in criminal proceeds. The prosecution determined that You Naiwen was in an important position, "bullying his subordinates internally." , abuse power abroad", and after the crime, he made a sophistry, and suggested that the judge be given a heavier sentence.
In February 2021, the Taipei District Prosecutor's Office prosecuted 12 people including You Yiwen in accordance with the "Corruption Regulations", the Securities and Exchange Act of manipulating stock prices, and the "Securities Investment Trust and Consultant Act" for damage to securities investment trust fund assets.
The "Labor Gold Stock Speculation Case" is an annual major case of Taiwan's procuratorial integrity. Due to the extremely confidential financial management, the project team traced the criminal evidence of You Naiwen and the industry, and there was no "vertical" development of high-level civil servants involved in the case; You Naiwen was detained during the investigation. , which was insured at NT$5 million in August last year.