According to the evening report from the United News Network, Pan Yizhang, former head of ACE Exchange, was revealed to be involved in a large-scale fraud. Taipei District Prosecutors’ Office has detained Pan Yizhang, Lin Genghong, and Lin Ruochiao, executives of Kanglin Company, on charges of “violating the Banking Act” and prohibited them from meeting. The remaining accomplices were released on bail ranging from 300,000 to 2 million NTD.
Former Head of ACE, a Leading Exchange, Detained and Denied Visitation Rights, Two Suspects with Lin Surname Involved in Fraud Ring Also Detained