Soon after, he left the company over office politics and internal shortcomings. His teachers at Chiao Tong University also recognised his talent.Īfter earning a master’s degree, he taken in by one of the professors to work as a memory controller researcher. He covered his tuition fees by doing part-time work throughout his three years studying at Chiao Tung.īut he earned a meagre NTD 80 (RM8) per hour, and almost couldn’t pursue a master’s degree for lack of money. He went to Taiwan at the age of 19 to study at the Chiao Tung National University. He came from a modest family and attended Pin Hwa High School, Klang. Pua is from Sekinchan, Selangor and was born in 1974. He added that his company would continue to operate as usual and not be affected by the verdict. Pua said in a statement yesterday that he had not yet received the verdict and has yet to find out the reasons for the jail sentence and the fine imposed on him. In addition, Pua was sentenced to two years imprisonment for the offence of misrepresenting declaration and announcement under Article 171(1)(1) of the Securities and Exchange Act. He then instructed his staff to arrange false transactions from 2009 to 2014, resulting in inaccurate accounting, bookkeeping and financial statements of his company. The investigation found that Pua – to use funds freely and reduce the financial cost of the company he set up – came up with the idea of transferring the funds to his Hong Kong subsidiary. The prosecutor’s office later concluded that Pua had violated the Securities and Exchange Act. The case was sent to the upper level of the public prosecutor’s office for review, but they considered the investigation incomplete and requested further investigation. They deemed that Pua had no previous convictions and did not make any illegal profits. When the case was closed in August the following year, the public prosecutor’s office decided to suspend the prosecution and impose a penalty of NT$110 million (RM16.3 million). The case was first investigated in August 2016. The Hsinchu District court meted out the sentence. Pua was also sentenced to a one year and 10 months jail term for the offence of making false entries in a civil servant’s report.
0 kommentar(er)
