Former Singfor Life chairman’s appeal rejected

The China Post
Date: April 11, 2015
By: Katherine Wei

TAIPEI, Taiwan — The Taiwan High Court yesterday again rejected former Singfor Life Insurance Chairman Eric Teng’s (鄧文聰) appeal against detention, leaving Teng in detention for possibly as long as another four months.

Teng is being held as he was suspected of draining his own company of NT$12 billion. The Taipei District Court earlier decided for the second time that he was to be held incommunicado, to which Teng filed an appeal to the High Court. Yet Teng had violated the Securities and Exchange Act and may face up to seven years behind bars, making it possible that he would flee the country, the High Court decided before rejecting Teng’s appeal.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.