Wu Zongxian invests in LED loss and is seized property

Wu Zongxian was suspected of investing in the LED business. He had borrowed 20 million NT dollars from the defendant Qin Ding, who was urged by the court to be enforced and seized the property.

In the name of Wu Zongxian, three real estates were confirmed to be detained, and the remaining 1.5 million accounts were also seized. Wu Zongxian, who was abroad, clarified by telephone, and Qin Hao had already negotiated a repayment plan. The other party took legal action and was reasonable.

Four years ago, Wu Zongxian moved from the entertainment circle to invest in the LED business, but later passed out debts of more than 600 million Taiwan dollars, borrowing money from the Dingli Group. Wu Zongxian admits that business transactions have lost money, but stressed that they have tried to repay.

Investing in debt, Wu Zongxian sold more than 400 million Xinyi Villa luxury homes in Xinyi District in May last year, and sold thousands of sports cars. However, Wu Zongxian always stressed that there is no financial crisis, and said that if the report is not true, the notice will not be excluded.

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