Taiwan tycoon sentenced to 8 years and 6 months in prison over illegal loans
Attorney to file appeal against Taipei District Court ruling
By: Matthew Strong, Taiwan News, Staff Writer
Tycoon Ho Shou-chuan (center) appearing for a hearing in 2017 (CNA photo)
TAIPEI (Taiwan News) — Former SinoPac Financial Holdings Co. (永豐金控) Chairman Ho Shou-chuan (何壽川) was sentenced to eight years and six months in prison for illegal loans Friday (Nov. 20), but his attorney immediately announced they would file an appeal.
Ho was once one of the country’s most prominent business people, belonging to the family which ran leading paper manufacturer Yuen Foong Yu. [FULL STORY]