Fake Withdrawal Group Financier Indicted and Transferred; Taipei District Court Sets Bail at NT$16 Million
The Taipei District Prosecutors Office, as part of its "Gold Cut Operation," has indicted Wang Jingqi, the financier of the "Meile Company" fake withdrawal group, which allegedly defrauded victims of over NT$15.8 billion through fake investment schemes. The Taipei District Court ruled that Wang be released on bail of NT$16 million, with restrictions on residence, a ban on travel, and electronic monitoring.
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- 📰 Published: June 3, 2026 at 17:27
- 🔍 Collected: June 3, 2026 at 17:48 (21 min after Published)
- 🤖 AI Analyzed: June 6, 2026 at 16:37 (70h 49m after Collected)
(Central News Agency, reporter Xie Junlin, Taipei, 3rd) The fake withdrawal group "Meile Company" collaborated with fraud centers to defraud victims of over NT$15.8 billion using fake investment tactics. The Taipei District Prosecutors Office indicted financier Wang Jingqi yesterday (2nd) and transferred the case to the Taipei District Court. After a hearing, the court ruled that Wang, who was in custody, could be released on bail of NT$16 million, subject to residential restrictions, a ban on出境 (departure from the country) and出海 (leaving the territory), and electronic monitoring. Wang completed the bail procedures and was released today (3rd).
The Taipei District Prosecutors Office's "Gold Cut Operation" uncovered Taiwan's largest "fake withdrawal" criminal group, involving fraud of over NT$15.8 billion. In April last year, the office indicted 80 defendants, including the main suspect Ou Yutong, and sought a sentence of over 25 years for Ou. The Taipei District Court sentenced Ou to 24 years in prison last November.
Police investigations revealed that the criminal group, led by Ou and Wu Hanwei (currently wanted), had members of telecom fraud centers set up over 2,230 fake investment websites and applications. They tricked victims into paying investment funds, then transferred the victims' "withdrawals" to designated accounts, creating a false impression of profitable investments. This led victims to believe it was a legitimate investment channel and continue investing large sums of money.
Investigations further revealed that on a day before January 2024 (Minguo 113), Wu Hanwei, who had just been released from prison, wanted to establish the Meile Company as a fraud and money laundering hub but lacked funds. He recruited Wang Jingqi to join the group as a financier. Wang agreed and provided an undisclosed amount of money to Wu, helping to establish the Meile Company for fraudulent activities.
After the investigation, prosecutors determined that Wang was involved in participating in a criminal fraud organization, aggravated fraud, and money laundering. They indicted him yesterday and asked the court to consider that although Wang was not responsible for the company's daily operations, as Wu's superior, he was entitled to 30% of Meile Company's profits. In contrast, the main co-conspirator Ou Yutong only received 10% of the profits, demonstrating the critical importance of Wang's investment to the company's development.
Prosecutors further argued that Wang played an indispensable role in the Meile Company and was a core member. The severity of his fraud crimes was no less than that of Ou Yutong and Wu Hanwei, and the circumstances and malice involved were particularly grave. They also noted that Wang denied the charges during police and prosecutor interrogations, showing no remorse, and recommended a combined sentence of over 26 years in prison.
Wang, who was in custody, was transferred to the Taipei District Court yesterday. After a hearing, the judge ruled that detention was not necessary and ordered Wang's release on bail of NT$16 million, with restrictions on residence, a ban on出境 and出海, and electronic monitoring. Wang completed the bail procedures and was released today. (Editor: Xiao Bowen) 1150603
The Taipei District Prosecutors Office's "Gold Cut Operation" uncovered Taiwan's largest "fake withdrawal" criminal group, involving fraud of over NT$15.8 billion. In April last year, the office indicted 80 defendants, including the main suspect Ou Yutong, and sought a sentence of over 25 years for Ou. The Taipei District Court sentenced Ou to 24 years in prison last November.
Police investigations revealed that the criminal group, led by Ou and Wu Hanwei (currently wanted), had members of telecom fraud centers set up over 2,230 fake investment websites and applications. They tricked victims into paying investment funds, then transferred the victims' "withdrawals" to designated accounts, creating a false impression of profitable investments. This led victims to believe it was a legitimate investment channel and continue investing large sums of money.
Investigations further revealed that on a day before January 2024 (Minguo 113), Wu Hanwei, who had just been released from prison, wanted to establish the Meile Company as a fraud and money laundering hub but lacked funds. He recruited Wang Jingqi to join the group as a financier. Wang agreed and provided an undisclosed amount of money to Wu, helping to establish the Meile Company for fraudulent activities.
After the investigation, prosecutors determined that Wang was involved in participating in a criminal fraud organization, aggravated fraud, and money laundering. They indicted him yesterday and asked the court to consider that although Wang was not responsible for the company's daily operations, as Wu's superior, he was entitled to 30% of Meile Company's profits. In contrast, the main co-conspirator Ou Yutong only received 10% of the profits, demonstrating the critical importance of Wang's investment to the company's development.
Prosecutors further argued that Wang played an indispensable role in the Meile Company and was a core member. The severity of his fraud crimes was no less than that of Ou Yutong and Wu Hanwei, and the circumstances and malice involved were particularly grave. They also noted that Wang denied the charges during police and prosecutor interrogations, showing no remorse, and recommended a combined sentence of over 26 years in prison.
Wang, who was in custody, was transferred to the Taipei District Court yesterday. After a hearing, the judge ruled that detention was not necessary and ordered Wang's release on bail of NT$16 million, with restrictions on residence, a ban on出境 and出海, and electronic monitoring. Wang completed the bail procedures and was released today. (Editor: Xiao Bowen) 1150603