Hung Tai Life Suspected of Securities Law Violation in Tamsui Land Sale, Lin Hung-nan's Wife Released on Bail
Taipei prosecutors searched Hung Tai Life's offices regarding a 2019 land sale in Tamsui suspected of violating the Securities and Exchange Act. Group leader Lin Hung-nan's wife was released on a 300,000 NTD bail.
📋 Article Processing Timeline
- 📰 Published: April 14, 2026 at 23:58
- 🔍 Collected: April 15, 2026 at 00:31 (33 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 14:15 (109h 43m after Collected)
(Central News Agency reporter Lin Chang-shun, Taipei, 14th) Investigators received a complaint alleging that Hung Tai Life violated the Securities and Exchange Act when selling land in Tamsui in 2019. The Taipei District Prosecutors Office today directed the Investigation Bureau to search 12 locations, including Hung Tai Life, and questioned group leader Lin Hung-nan, his wife, and others. The prosecutor ordered the wife to be released on a 300,000 NTD bail in the evening.
According to a complaint filed by the Financial Supervisory Commission, Hung Tai Life is suspected of committing the crime of irregular transactions under the Securities and Exchange Act when auctioning land in the Danhai section of Tamsui District, New Taipei City, in 2019. After receiving the report, the Taipei District Prosecutors Office directed the Northern Region Mobile Work Station of the Investigation Bureau, Ministry of Justice, to investigate.
The Taipei District Prosecutors Office today directed the Northern Station, carrying search warrants issued by the court, to search a total of 12 locations, including the residences of eight people—Hung Tai Group's Lin Hung-nan, his wife, and retired former chairman surnamed Lu—as well as the Hung Tai Life company offices. Eight people, including Lin and Lu, along with 18 witnesses, were notified to explain the situation, and they were successively transferred to the Taipei District Prosecutors Office for re-questioning in the evening.
The prosecutor ordered Lin's wife to be released on a 300,000 NTD bail in the evening and restricted her from leaving the country, going out to sea, or changing residence. As of around 10 p.m., Lin Hung-nan had not yet been transferred to the prosecutors office.
Hung Tai Life issued a statement saying that the company has always adhered to the principles of legal compliance and fair treatment of customers. It respects the investigations by judicial authorities and will fully cooperate with the relevant procedures. The case is still in the investigation stage, and related facts and details await further clarification by judicial authorities.
Hung Tai Life emphasized that the company strictly complies with various laws and regulations, continuously strengthens corporate governance and risk management mechanisms, and that overall operations and customer service remain normal, with policyholders' rights completely unaffected. The company will also handle related matters properly with an attitude of integrity, professionalism, and responsibility. (Editor: Lung Po-an) 1150414
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According to a complaint filed by the Financial Supervisory Commission, Hung Tai Life is suspected of committing the crime of irregular transactions under the Securities and Exchange Act when auctioning land in the Danhai section of Tamsui District, New Taipei City, in 2019. After receiving the report, the Taipei District Prosecutors Office directed the Northern Region Mobile Work Station of the Investigation Bureau, Ministry of Justice, to investigate.
The Taipei District Prosecutors Office today directed the Northern Station, carrying search warrants issued by the court, to search a total of 12 locations, including the residences of eight people—Hung Tai Group's Lin Hung-nan, his wife, and retired former chairman surnamed Lu—as well as the Hung Tai Life company offices. Eight people, including Lin and Lu, along with 18 witnesses, were notified to explain the situation, and they were successively transferred to the Taipei District Prosecutors Office for re-questioning in the evening.
The prosecutor ordered Lin's wife to be released on a 300,000 NTD bail in the evening and restricted her from leaving the country, going out to sea, or changing residence. As of around 10 p.m., Lin Hung-nan had not yet been transferred to the prosecutors office.
Hung Tai Life issued a statement saying that the company has always adhered to the principles of legal compliance and fair treatment of customers. It respects the investigations by judicial authorities and will fully cooperate with the relevant procedures. The case is still in the investigation stage, and related facts and details await further clarification by judicial authorities.
Hung Tai Life emphasized that the company strictly complies with various laws and regulations, continuously strengthens corporate governance and risk management mechanisms, and that overall operations and customer service remain normal, with policyholders' rights completely unaffected. The company will also handle related matters properly with an attitude of integrity, professionalism, and responsibility. (Editor: Lung Po-an) 1150414
Choose to stand with facts, every sponsorship of yours is the power to protect press freedom.
Download the Central News Agency 'First Hand News' APP to grasp the latest news instantly.
The texts, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.