Bank Manager Allegedly Colluded with Fraud Group, Indicted for Defrauding NT$6 Million in Loans
A business manager at Shin Kong Bank, Mr. Zhong, is accused of acting as an inside man for a fraud group, instructing subordinates to process mortgage loans for victims, from whom the group then collected high service fees. Mr. Zhong also allegedly colluded with the group to defraud NT$6 million in loans and has been indicted by the New Taipei District Prosecutors Office on charges including fraud.
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- 📰 Published: May 7, 2026 at 20:49
- 🔍 Collected: May 7, 2026 at 21:02 (12 min after Published)
- 🤖 AI Analyzed: May 7, 2026 at 21:31 (29 min after Collected)
Central News Agency
(Central News Agency reporter Tsao Ya-yen, New Taipei 7th) The New Taipei District Prosecutors Office has uncovered that a business manager at Shin Kong Bank's Ximen branch, Mr. Zhong, allegedly joined a fraud group in August last year, acting as an inside man. This fraud group not only used deceptive tactics to induce 9 victims to transfer money and make cash deliveries but also further demanded that victims use their real estate as collateral for mortgage loans, which were then processed through brokers Mr. Chiu and Mr. Liu, who were impersonated by fraud group members, with private lenders or Shin Kong Bank.
The prosecution pointed out that Mr. Zhong, acting as an inside man within the bank, instructed unsuspecting subordinates to handle loan matters. If victims successfully obtained loans, brokers Mr. Chiu and Mr. Liu would charge them high service fees. Two of the victims paid NT$1.74 million, and a portion of these funds was shared with Mr. Zhong.
In addition, Mr. Zhong and Mr. Chiu also instructed Mr. Liu to use false housing lease agreements as proof of financial capability to apply for real estate mortgage loans from Shin Kong Bank, defrauding NT$6 million in loans. The New Taipei District Prosecutors Office recently concluded its investigation and indicted Mr. Zhong on charges including violations of the Organized Crime Prevention Act, fraud under the Criminal Code, special breach of trust by a bank employee under the Banking Act, and violations of the Money Laundering Control Act. (Editor: Chang Ming-kun) 1150507
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(Central News Agency reporter Tsao Ya-yen, New Taipei 7th) The New Taipei District Prosecutors Office has uncovered that a business manager at Shin Kong Bank's Ximen branch, Mr. Zhong, allegedly joined a fraud group in August last year, acting as an inside man. This fraud group not only used deceptive tactics to induce 9 victims to transfer money and make cash deliveries but also further demanded that victims use their real estate as collateral for mortgage loans, which were then processed through brokers Mr. Chiu and Mr. Liu, who were impersonated by fraud group members, with private lenders or Shin Kong Bank.
The prosecution pointed out that Mr. Zhong, acting as an inside man within the bank, instructed unsuspecting subordinates to handle loan matters. If victims successfully obtained loans, brokers Mr. Chiu and Mr. Liu would charge them high service fees. Two of the victims paid NT$1.74 million, and a portion of these funds was shared with Mr. Zhong.
In addition, Mr. Zhong and Mr. Chiu also instructed Mr. Liu to use false housing lease agreements as proof of financial capability to apply for real estate mortgage loans from Shin Kong Bank, defrauding NT$6 million in loans. The New Taipei District Prosecutors Office recently concluded its investigation and indicted Mr. Zhong on charges including violations of the Organized Crime Prevention Act, fraud under the Criminal Code, special breach of trust by a bank employee under the Banking Act, and violations of the Money Laundering Control Act. (Editor: Chang Ming-kun) 1150507
Stand with the facts, your every sponsorship is the power to protect press freedom.
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The text, images, and audio-visual content of this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.