Electronic product testing involves issuing fake invoices, listed company employee bailed for NT$3 million
An employee of listed company Syncomm Technologies and a manager of iTest Technology are suspected of colluding to inflate electronic device testing fees with fake invoices, illegally profiting tens of millions of Taiwanese dollars. Both were granted bail of NT$3 million and NT$1 million respectively, with travel restrictions.
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- 📰 Published: May 13, 2026 at 09:21
- 🔍 Collected: May 13, 2026 at 09:31 (10 min after Published)
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Taipei, May 13 (CNA reporter Hsieh Chun-lin) - An employee surnamed Chiang from Syncomm Technologies Co. and a manager surnamed Hsu from iTest Technology Co. are suspected of colluding to use fake invoices to inflate electronic device testing fees, illegally profiting tens of millions of Taiwanese dollars. After overnight interrogation by the Taipei District Prosecutors Office, Chiang was granted NT$3 million bail and Hsu NT$1 million bail today, with both subject to travel restrictions.
In addition, the head of a dummy company, surnamed Chang, also a co-defendant, was granted NT$500,000 bail, and an assistant manager surnamed Wang from iTest Technology Co. was granted NT$300,000 bail.
Investigations show that listed company Syncomm Technologies Co. produces electronic devices such as PDAs, and iTest Technology Co. is entrusted with related testing. Since iTest primarily tests and analyzes high-end products, the testing of PDA and other equipment is outsourced to external research laboratories for testing reports, which are then returned to Syncomm Technologies Co..
Investigators found that after iTest Technology Co. conducted the entrusted testing, it would add its own profit margin before quoting to Syncomm Technologies Co. Chiang and Hsu are suspected of illegally profiting from false transactions. In addition to the original testing quotes, the two are suspected of finding three other companies to issue false invoices, fabricating names to claim payments from Syncomm Technologies Co., and then funneling money through these three companies to their personal financial accounts. Since 2020, their illegal gains amount to approximately tens of millions of Taiwanese dollars.
On May 12, prosecutors from the Taipei District Prosecutors Office directed the Taipei City Investigation Office of the Ministry of Justice Investigation Bureau to execute court-issued search warrants, searching nine locations including the residences of Hsu, Chiang, and two others, as well as their offices at iTest Technology Co. and Syncomm Technologies Co. Four defendants, including Hsu and Chiang, were summoned for questioning. After overnight interrogation, all were released on bail. The case is being investigated on suspicion of special breach of trust under the Securities Exchange Act and money laundering. (Editor: Lee Heng-shan) 1150513
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In addition, the head of a dummy company, surnamed Chang, also a co-defendant, was granted NT$500,000 bail, and an assistant manager surnamed Wang from iTest Technology Co. was granted NT$300,000 bail.
Investigations show that listed company Syncomm Technologies Co. produces electronic devices such as PDAs, and iTest Technology Co. is entrusted with related testing. Since iTest primarily tests and analyzes high-end products, the testing of PDA and other equipment is outsourced to external research laboratories for testing reports, which are then returned to Syncomm Technologies Co..
Investigators found that after iTest Technology Co. conducted the entrusted testing, it would add its own profit margin before quoting to Syncomm Technologies Co. Chiang and Hsu are suspected of illegally profiting from false transactions. In addition to the original testing quotes, the two are suspected of finding three other companies to issue false invoices, fabricating names to claim payments from Syncomm Technologies Co., and then funneling money through these three companies to their personal financial accounts. Since 2020, their illegal gains amount to approximately tens of millions of Taiwanese dollars.
On May 12, prosecutors from the Taipei District Prosecutors Office directed the Taipei City Investigation Office of the Ministry of Justice Investigation Bureau to execute court-issued search warrants, searching nine locations including the residences of Hsu, Chiang, and two others, as well as their offices at iTest Technology Co. and Syncomm Technologies Co. Four defendants, including Hsu and Chiang, were summoned for questioning. After overnight interrogation, all were released on bail. The case is being investigated on suspicion of special breach of trust under the Securities Exchange Act and money laundering. (Editor: Lee Heng-shan) 1150513
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Text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.