The former chairman of defunct Far Eastern Air Transport (Taipei Sung Shan) was sentenced to 14 years imprisonment by the Taipei District Court on September 30, 2024. The court found Zhang Gangwei guilty of offences against the country’s Securities and Exchange Act, including falsifying financial documents and embezzlement.
Far Eastern ceased operations in late 2019, citing difficulties raising funds due to long-term operating losses. It was at that point operating six ATR72-600s, four MD-82s…
Source: ch aviation
Read more: Ex-chairman of Taiwan's Far Eastern gets 14 years for fraud