- POSTED: 28 Dec 2013 00:16
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Taiwan television host Jacky Wu was on Friday sentenced to three year's probation, and ordered to pay a NT$3 million (S$126,740) fine after he pleaded guilty in a fraud case.
TAIPEI: The Taipei District Court on Friday sentenced Taiwan television host Jacky Wu to three year's probation, and ordered him to pay a NT$3 million (S$126,740) fine, for colluding with his friend Hsu Feng Yang to defraud a technology company of NT$60 million (S$2.5 million) in 2009, reported Taiwan media.
The 51-year old star faced as much as five years in jail or a NT$500 million (S$21.1 million) fine, but got a lighter sentence after pleading guilty to violating Taiwan's Securities Exchange Act, and reaching a settlement with the Securities and Futures Investors Protection Center in Taiwan.
Hsu, who was the CEO of listed technology company Lien Ming Mobile Technology at the time, had apparently entered into a fake purchase contract with Wu's LED manufacturing company, then tampered with financial records to defraud the very company he headed.
Wu swears his innocence
Although Wu had pleaded guilty, he stressed in a micro blog post on Friday that he had "never done anything against my conscience", explaining that he was dragged into the matter by his friend Hsu.
"Jacky has been in showbiz for over 30 years, and only knows how to perform for everyone ...
"Getting dragged down by my childhood friend over the course of this case, I feel really helpless," said Wu.
"I have never handled financial matters in my life, so why would I do something like this, which would hurt my reputation!?"
Wu added that he will leave it to his lawyers to protect his reputation, and swore his innocence on the names of his parents, before concluding his post.