Labor Fund Stock Manipulation Case: You Nai-wen Seeks Lifting of Travel Ban, High Court Extends it by 8 Months
The Taiwan High Court has extended the travel ban on You Nai-wen and Tang Chu-lieh, defendants in the Labor Fund stock manipulation case, for another 8 months due to flight risks.
📋 Article Processing Timeline
- 📰 Published: April 19, 2026 at 12:44
- 🔍 Collected: April 19, 2026 at 13:00 (16 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 13:50 (50 min after Collected)
The Taiwan High Court, hearing the second instance of the Labor Fund stock manipulation case, originally scheduled the verdict for March 26. However, because aspects of the case require further clarification, the collegiate bench decided to reopen debates. On the 14th, the court held a session to confirm four upcoming hearing dates: April 28, May 5, 12, and 26, summoning various groups of defendants for debate. The entire case is expected to conclude its debate on May 26, after which a verdict date will be set.
In court, the presiding judge told the defendants, "The court is not your enemy." He advised them to think clearly before speaking about what is beneficial or detrimental to them, assuring that the collegiate bench would judge fairly.
Meanwhile, the restriction preventing You Nai-wen and former Baojia Group CEO Tang Chu-lieh from leaving the country or going to sea was set to expire on the 21st. Tang Chu-lieh's requirement to regularly report to the technology control center via facial recognition selfies on a designated mobile phone was also set to expire on the 21st.
The judge asked the prosecution, the defense, and You and Tang for their opinions in court. The prosecutor stated that there is a necessity to extend the travel ban, noting recent phenomena of defendants fleeing, and requested the court to prolong the continued monitoring.
You Nai-wen's lawyer stated that You is the breadwinner of his family, needs to support his parents and children, does not possess a foreign passport, and is currently undergoing continuous hospital treatment for an illness. He has also dutifully reported to the police station and appeared in court on time, showing no necessity or motive to flee, and requested the cessation of the travel ban. Tang Chu-lieh stated he had no opinion.
The second-instance collegiate bench recently determined that You Nai-wen and Tang Chu-lieh are suspected of committing severe crimes and still pose a flight risk. To ensure the smooth progress of future trials and execution procedures, it ruled to extend the travel ban by 8 months starting from the 22nd. Tang Chu-lieh must still regularly report to the control center using facial selfies on a designated phone.
The case originated when Tang Chu-lieh, Baojia Company's investment head Qiu Yu-yuan, and others aimed to let the Baojia Group exploit stock price discrepancies to earn profits. They chose Far Eastern Department Stores' stock as their target, intending to inflate, depress, and influence its stock price to create an illusion of active trading. They illegally manipulated the stock price through multiple "buy high, sell low" actions, "matched trades," and spreading rumors.
In July 2020, Qiu Yu-yuan sought external funds to absorb a massive amount of Far Eastern Department Stores stock sold under the Baojia Group's name. He approached You Nai-wen, who was then serving as the Head of the Domestic Investment Division of the Ministry of Labor's Labor Fund Bureau. You Nai-wen also coincidentally hoped to leverage the Baojia Group's political and economic influence to secure a promotion.
The first-instance Taipei District Court determined that the criminal proceeds earned by the Baojia Group due to the illegal actions of You Nai-wen, Tang Chu-lieh, and Qiu Yu-yuan totaled NT$538,796,150. It sentenced You Nai-wen to 9 years in prison, and Tang Chu-lieh and Qiu Yu-yuan to 8 years. Following an appeal, the case is now being heard by the Taiwan High Court in the second instance.
In court, the presiding judge told the defendants, "The court is not your enemy." He advised them to think clearly before speaking about what is beneficial or detrimental to them, assuring that the collegiate bench would judge fairly.
Meanwhile, the restriction preventing You Nai-wen and former Baojia Group CEO Tang Chu-lieh from leaving the country or going to sea was set to expire on the 21st. Tang Chu-lieh's requirement to regularly report to the technology control center via facial recognition selfies on a designated mobile phone was also set to expire on the 21st.
The judge asked the prosecution, the defense, and You and Tang for their opinions in court. The prosecutor stated that there is a necessity to extend the travel ban, noting recent phenomena of defendants fleeing, and requested the court to prolong the continued monitoring.
You Nai-wen's lawyer stated that You is the breadwinner of his family, needs to support his parents and children, does not possess a foreign passport, and is currently undergoing continuous hospital treatment for an illness. He has also dutifully reported to the police station and appeared in court on time, showing no necessity or motive to flee, and requested the cessation of the travel ban. Tang Chu-lieh stated he had no opinion.
The second-instance collegiate bench recently determined that You Nai-wen and Tang Chu-lieh are suspected of committing severe crimes and still pose a flight risk. To ensure the smooth progress of future trials and execution procedures, it ruled to extend the travel ban by 8 months starting from the 22nd. Tang Chu-lieh must still regularly report to the control center using facial selfies on a designated phone.
The case originated when Tang Chu-lieh, Baojia Company's investment head Qiu Yu-yuan, and others aimed to let the Baojia Group exploit stock price discrepancies to earn profits. They chose Far Eastern Department Stores' stock as their target, intending to inflate, depress, and influence its stock price to create an illusion of active trading. They illegally manipulated the stock price through multiple "buy high, sell low" actions, "matched trades," and spreading rumors.
In July 2020, Qiu Yu-yuan sought external funds to absorb a massive amount of Far Eastern Department Stores stock sold under the Baojia Group's name. He approached You Nai-wen, who was then serving as the Head of the Domestic Investment Division of the Ministry of Labor's Labor Fund Bureau. You Nai-wen also coincidentally hoped to leverage the Baojia Group's political and economic influence to secure a promotion.
The first-instance Taipei District Court determined that the criminal proceeds earned by the Baojia Group due to the illegal actions of You Nai-wen, Tang Chu-lieh, and Qiu Yu-yuan totaled NT$538,796,150. It sentenced You Nai-wen to 9 years in prison, and Tang Chu-lieh and Qiu Yu-yuan to 8 years. Following an appeal, the case is now being heard by the Taiwan High Court in the second instance.