NO JUSTICE? On Thursday, 30 suspects charged with defrauding about 500 investors in a ‘smart locker’ scam were aquitted due to a lack of sufficient evidence
Date: Nov 02, 2019
By: Jason Pan / Staff Reporter
Prosecutors said yesterday they will appeal a local court’s decision to acquit 30 suspects in the so-called Catch Power business scam, a failed shopping platform using “smart lockers” that were installed at Taipei MRT stations.
Three key individuals in the case have fled to China, after allegedly pocketing NT$18.8 billion (US$616.81 million) of investors’ money.
The ruling was made on Thursday, when the Chiayi District Court acquitted the 30 suspects, who had been charged with illegally procuring investments and earning profits on the invested money, in contravention of the Banking Act (銀行法).
The court said there was insufficient evidence to prove that the 30 suspects had colluded with the three main organizers of the scam. [FULL STORY]