Home » News » Zhao Tengxiong was sentenced to 24 years in prison in the Farglory Arena case The first degree was sentenced to 7 years in prison Company |

Zhao Tengxiong was sentenced to 24 years in prison in the Farglory Arena case The first degree was sentenced to 7 years in prison Company |

Reporter Yang Peiqi / Taipei Report

【Posted at 14:32 on 10/28 | 16:08 Update the list of phrases of the main characters】

▲ The prosecution charged Zhao Tengxiong with 24 years in prison, and the North Court Detention Court ordered Zhao Tengxiong to pay the highest bail in history of 550 million. (Image / Data screen)

It attracted a lot of attention. After taking office, Taipei Mayor Ko Wenzhe was listed as one of the “five major fraud cases”. The 5-year Farglory Arena fraud case was sentenced by the Taipei District Court at 2:30 am on the 28th. Farglory Group founder Zhao Tengxiong was sentenced to seven years in prison for violating the Securities Exchange Act and the Regulation on the Punishment of Corruption. Former Finance Minister Li Shude was sentenced to 9 years in prison and New Taipei City Councilor Zhou Shengkao was sentenced to 10 years in prison, with no easy handling fines, and a fine in June.

The main list of verdicts, charges and sentences:

● Zhao Tengxiong “should be sentenced to 7 years in prison”

1. Corruption New Taipei City Councilor Zhou Shengkao: 2 years in prison and 2 years of deprivation of public power

2. Hai Zhiping, Section Head of the New Taipei City Urban and Rural Bureau: jointly committing the crime of handing over bribes under the Bribery Punishment Regulation, 1 year imprisonment and 1 year deprivation of public power

3. The reform case of Tainan Jingzhong Duanjuan: jointly guilty of the offense of contractual bribery and bribery, 1 year fixed term imprisonment in June and 1 year deprivation of public power

4. Xindianzhuang Jing Duan family reform case: jointly committing the crime of bribery and bribery, fixed term imprisonment for 1 year in October, deprivation of public power for 1 year

5. Hsinchu Chenggong Duan family review case and Dongda Road family reconstruction case: jointly committing the crime of bribery by contract and bribery, fixed term imprisonment for 1 year in August and deprivation of public power for 1 year

6. Taichung Nantun Jiangong employee reconstruction case: committing the crime of corruption and extortion together

7. Liu Yanjiao, New Taipei City Planning Commissioner: Not Guilty

8. Farglory Group accounts are fake, financial reports are false or hidden, unconventional transactions are particularly violated, Zhihui and Hongdi’s accounting records and financial reports are fake, etc .: not guilty

● Former Finance Minister Li Shude

1. The Big Arena case: 9 years in prison for the crime of speculation and 5 years of deprivation of public power

● New Taipei City Councilor Zhou Shengkao “Should be Sentenced to 10 Years in Prison”

1. Falsely increase the capital of the for-profit company to 100 million yuan: jointly commit the crime of unpaid shares in company law, in June the fixed-term imprisonment and the fine of Yike

2. Zhao Tengxiong offered bribes: 9 years in prison, 6 months in June, deprivation of public power for 5 years
Jointly committing the crime of soliciting bribes pursuant to the Corruption Regulation 1 year of imprisonment and 1 year of deprivation of public power

will not be subject to penalties

● Hai Zhiping, section head of the New Taipei City Office for Urban and Rural Areas

1. Zhao Tengxiong offered bribes: 4 years in prison in October, deprived of public power for 3 years

● Hong Jiahong, former sub-director of the Urban and Rural Development Subdivision of the Urban and Rural Development Department of the Urban and Rural Development Department of the Urban and Rural Development Department of the Urban and Rural Development Department, “The implementation period turns 8 years in February”

1. The reform case of Tainan Jingzhong Duanjuan: joint crime of corruption and extortion, 2 years of imprisonment and 2 years of deprivation of public power

2. The case of Xindianzhuang Jing Duan’s family reform: joint offense of corruption and offense of accepting bribes in violation of the rules, 2 years of imprisonment in April and 2 years of deprivation of public power

3. Hsinchu Chenggong Duan family reorganization case and Dongda Road family reorganization case: jointly committing the crime of bribery and extortion does not violate the term of the office contract and bribery, fixed-term imprisonment for 2 years at February and deprivation of public power for 2 years

4. Taichung Nantun Jiangong Duan Family Reform Case: Committing bribery crime together does not violate term contract bribery crime, fixed term imprisonment for 1 year in October and deprivation of public power for 1 year

5. 1034 Guangfu Road, Hsinchu City, the case of changing the number of relatives and relatives: the offense of accepting bribes in violation of the Bribery Offense Punishment Regulation, 2 years in prison, 2 years in August, deprivation of public power for 2 years

6. Zhonghe-Taiwan commercial Duan family reform case: 2 years imprisonment in June, deprivation of public power for 2 years

According to the indictment, the Big Arena fraud case is divided into 4 parts, namely the “Big Arena case”, “Farglory Life emptying case”, “New Taipei City territory engineering fraud case” and “case of reconstruction of the village of employees of Hsinchu”.

Li Shude is suspected of illegally altering the damages settlement clause in the draft Big Arena construction and management contract, so Farglory can reduce the fine by 6 million yuan and even make royalty payments up to 3,042 unnecessary. billion yuan after 50 years of Big Arena operation.

Xu Mingwen, the former chief executive of the Taiwan Construction Center, was accused of instructing his subordinates to issue appraisal certificates, causing the Big Dome to improperly obtain a construction license and impacting fire safety regulations.

Former Finance Minister Li Shude.  (Image / Data screen)

▲ Former Finance Minister Li Shude. (Image / Data screen)

The investigation also found that Zhao Tengxiong had allowed Liu Yanjiao, the member of the New Taipei City Urban Planning Committee, to escort the Farglory development project in Tucheng and the urban deliberation of the Antai section of Xinzhuang, and instructed Farglory Deputy General Manager Wei Chunxiong to transfer the 12 million yuan Yu Yuan’s design case was handed over to Liu Yanjiao for commitment and full payment, which resulted in Liu Yanjiao making a profit of over 1.81 million yuan, and spoke to the Metropolitan Committee to support Farglory.

At the same time, Zhao Tengxiong was also suspected of bribing Hai Zhiping. He lets Hai Zhiping help Farglory open the Xinzhuang development project plot relationship. In the case of the reconstruction of the land of the old village of the dependent military, Hong Jiahong was also accused of offering bribes and Hong Jiahong was also accused of soliciting bribes from Farglory.

New Taipei City Councilor Zhou Shengkao is suspected of bidding on Big Dome earthworks: first, he falsely increased the capital of Shengyi Construction and then escorted Farglory Tucheng and Xinzhuang development projects. 2.

The investigation found that Zhou Shengkao had attempted to bribe other MPs who opposed the development project, escorted the Tucheng development project to the EIA review meeting many times, and at the same time lobbied the head of the section of the development. ‘Environmental Protection Bureau to hide the EIA design area ratio 240% decision, allowing Farglory to win Through the 268% area ratio review, the area was increased and the profit exceeded 2 , 5 billion yuan. In order for Zhao Tengxiong to obtain a certificate for the agricultural use of Xindian land, so as to be exempt from paying the luxury tax of 170 million yuan, he asked the New Taipei City Director of Agriculture and the Mayor of the District of Xindian to entrust and put pressure on him.

New Taipei City Councilor Zhou Shengkao.  (Image / Data screen)

▲ New Taipei City Councilor Zhou Shengkao. (Image / Data screen)

As for Zhao Tengxiong’s eldest son, Zhao Wenjia and second son Zhao Xinqing, they were accused of hiding transactions with related persons and violating securities trading law. In addition, the investigation also found that Zhao Tengxiong was suspected of using Farglory’s subsidiary Farglory Construction and its subsidiary Dongyuan Construction to contract out 14 Farglory Life Insurance projects, totaling more than 20.7 billion yuan, masquerading as other company names, causing Farglory Construction to lose $ 6 billion.

On October 31, 2017, the Taipei District Attorney’s Office completed the investigation and charged Zhao Tengxiong with 24 years in prison. Zhao Tengxiong was transferred to the Taipei District Court. Zhao Tengxiong was authorized to pay 550 million yuan on bail, setting a record for the highest bail in a single case in judicial history.

Zhao Tengxiong's son Zhao Xinqing (center).  (Image / Data screen)

▲ Zhao Xinqing (center), son of Zhao Tengxiong. (Image / Data screen)

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