Former Financial Inspection Commissioner Li Jincheng (left).

(file photo)

[Reporter Wu Zhengfeng/Taipei Report] Prosecutor Li Jincheng of the High Prosecutor's Office was transferred to the Financial Inspection Bureau of the Financial Supervisory Commission in 2005. Unexpectedly, he was involved in the "Jin Yong" vulture case. He was sentenced to 10 years by the Taipei District Court for crimes such as Yi Tuli in the first instance. , the whole case has been entangled in litigation for 17 years, and the High Court changed the sentence in the fourth instance to 4 years and June, deprivation of public rights for 3 years, detailed reasons will be announced later.

Li Jincheng was once hailed as a rising star in the procuratorial circle. In 2005, he was transferred to the first director of the Financial Inspection Bureau. His future was promising. Unexpectedly, the High Procuratorate's "Black Gold Investigation Center" (the predecessor of the Supreme Prosecutor's Special Investigation Team) investigated the stock market "Jinyong Case" When it was accidentally discovered that Li Jincheng was also involved in the case, public opinion was in an uproar.

Please read on...

During the investigation by the prosecution, Li Jincheng suspected that he leaked the news that the investigation was about to search for the "Jinyong" company to reporters, stock market financier Lin Mingda, stock market operator Chen Junji and others, in order to suppress Jinyong's stock price.

Then Lin Mingda and other stock market vulture groups took the opportunity to short a large number of Jinyong stocks, making profits ranging from several million yuan.

The prosecution concluded the investigation and charged Li Jincheng and others with crimes such as "leaking secrets" and "seeking profit".

In the first instance, the Taipei District Court sentenced Li Jincheng to 10 years, and in the second instance, the high court changed the sentence to 9 years and June; Li was severely sentenced to 6 years for corruption; unexpectedly, the Supreme Court revoked the remand three times, and found that Li had committed the crime of leaking secrets in the criminal law in the third instance. Later, the sentence was changed to Li Junyue's imprisonment, and Yike was fined 162,000 yuan.

Unexpectedly, the Supreme Court revoked the remand four times last year, pointing out that although Li Jincheng was only found guilty of leaking secrets in the third instance, is there any connection between Li Jincheng's leaking secrets and others obtaining illegal benefits?

Is it a crime of corruption?

Still pending investigation, so resend is withdrawn.

In the fourth instance of the High Court, Li Jincheng was found to have committed the crime of civil servants seeking profit from the competent affairs. On the 29th, his sentence was changed to 4 years and 6 months, and his public rights were deprived of public rights for 3 years.

Appealable.

In addition, Chen Junji was sentenced to 1 year and 10 months in prison for violating the Securities and Exchange Act in the first instance, and was fined NT$10 million, suspended for 5 years. The other five defendants in the same case, stock market operator Lin Mingda, Stock Exchange Commissioner Zhang Xikuan and others, each handed over the proceeds of crime, were sentenced to a sentence ranging from July to 3 years and October in the first trial, and were granted a suspended sentence of 2 to 5 years, all of which were determined without appeal.