Wu Zongxian’s LED company is involved in the “100 million Yuan short case” of Lian Ming Action Technology

Wu Jung-hsien, the Taiwanese variety star, who has joined the LED industry and is his own boss, was recently involved in the “100 million yuan empty case.” Recently, Taiwan’s listed company “Lian Ming Action Technology” broke out with doubts about the “empty asset and false accounting”. The former chairman of the company, Xu Fengyang, was suspected of misappropriating NT$100 million in funds, of which NT$60 million (approximately RMB 13.49 million). He even flowed into the "Al-Leng Technology Co., Ltd." which was run by his friend Wu Zongxian. Wu Zongxian was summoned by the "Taiwanese prosecutors" for suspected violations of Xu Fengyang's illegal activities. On July 19, when he was arraigned into the tarre recording program, “Wonderful Answer”, Wu Zongxian said to the media, “If the crime immediately quit the show business”.

"False trading, real loans"? Wu Jung-Hian returned only 60% of the funds Recently, Taiwan’s listed company “Lian Ming Action Technology” broke out with “scarce assets and false accounting”. According to a “Taiwan Prosecutors” investigation, the actual person in charge of the company, Xu Fengyang, used “LEDs”. In the name of "restocking," the company injected more than 60 million Taiwan dollars in funds into the "Alluminium Technology" opened by his friend Wu Zongxian. However, after the contract was lifted, Wu Zongxian returned only 60% of the funds to NT$36 million (approximately RMB 8 million). The prosecutors considered the account to be suspicious and doubted that Wu Jung-hsing was suspected of cooperating with Xu Fengyang to sell the company.

Being interviewed by "Taiwanese prosecutors"? Wu Zongxian: "No fake sales"

On July 13, Wu Zongxian was interviewed by the “Taipei District Inspection Agency”. In an interview, Wu Zongxian stated that the company is operating normally and there is absolutely no false trading or false accounting. Wu Zongxian also explained the case, saying that in 2009 he had cooperated with “Lian Ming Action Technology” and agreed to produce 100,000 LED lights per month. However, since Alpha can only produce about 20,000 products per month, he and the other party Retreat. As to why the money had not been fully refunded after the termination of the contract, Wu Zongxian explained that because part of the money was already used to purchase equipment, it did not fully repay it.

On July 19, Wu Zongxian was interviewed for video for the first time after being interviewed. He seized the opportunity to shout to the media and even screamed in tears: “As an artist, as long as there is any criminal act, he immediately withdraws from performing arts.” Wu Zongxian Emphasize that you may make mistakes, but it is impossible to commit crimes, and that the evidence is ready.

According to reports, if the offence is established, it will be sentenced to 5 years of imprisonment. If you are confirmed to participate in the “hollowing out” and the amount exceeds NT$100 million, you will be sentenced to a severe sentence of more than 7 years and a maximum fine of NT$500 million. In recent years, Wu Zongxian has joined the LED industry. In June 2009, he entered the “ASL Electronics” and became the chairman of the listed company. However, he was dismissed in just 168 days, and later he devoted himself to the operation of AEL. Recently, Wu Jung-hsiung was frequently caught in a financial crisis. Rumors that he had sold 400 million Taiwan dollars in luxury real estate last month, he was recently interviewed by the “Taiwanese prosecutors” and the situation is really worrying.

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