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Tens of billions of dollars of land in Jinghua City has been seized. Dingyue Development is calling for a protest│Taiwan TV news reporters Lai Xinyi and Feng Haoyu
News link:https://youtu.be/x4zesCBCqIM?si=p1feEY6ZhhXsqAQW
The Taipei District Prosecutor's Office investigated the Jinghua City corruption case and found that the City Government was suspected of illegally profiting from the Viking Group, allowing Jinghua City to receive a volume bonus of 20%. The illegal profits exceeded 10 billion yuan, and it was determined that the proceeds of crime "should be confiscated." On the evening of the 4th, the North Court also made a ruling that the land was approved. In this regard, Dingyue Company also issued a statement emphasizing that Dingyue was not an applicant for volumetric incentives. The prosecutors arbitrarily detained the company, which affected the rights and interests of the majority of shareholders, and will protest in accordance with the law.
Lawyer Li Yusheng from Fidelity Law Firm said that the amount of money allegedly exploited in this case was huge. Shen Qingjing may have thought that if the court really wanted to convict him, the proceedings might take many years. By then the Jinghua Plaza would have been completed, and he planned to use this method to extract benefits. . However, the prosecutors successfully convinced the court that there was indeed a major suspicion of profit-seeking in this case, and the seizure of the land in Jinghua City prevented Weijin Group from constructing or even selling it, which would have a significant impact on Weijin Group's operations and make Weijin Group in the litigation No illegal profits can be made during the procedure, which is a great trick to deal with the Viking Group.
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