AXA Wealth and Capital were involved in violating the banking law and attracted more than 600 million yuan. The inspection and dispatch troops were divided into 10 routes to search and interview 8 people.

The Taipei District Prosecutor's Office directed the Taipei City Investigation Division to search 10 locations including AXA Wealth, AXA Capital and the residences of the responsible persons, and interviewed 8 people. The entire case was investigated for violations of banking laws. (Photo by reporter Wu Shengru)

After the directors of AXA Wealth and Capital Company surnamed Tu and Lin established the company in 2018, they began to advertise overseas real estate, virtual currency, green energy and other investments. The annual rate was as high as 62%. In the past 8 years, they have attracted more than 200 people to invest and attracted more than 600 million yuan. The Taipei District Prosecutor's Office today directed the Taipei City Investigation Division to divide 10 troops, search 10 locations including two companies and the residences of the responsible persons, and interview 8 people. The entire case was investigated for violations of banking laws.

The inspection found that two companies, AXA Wealth and AXA Capital, deliberately chose company names similar to AXA, the world's third largest international asset management group, to increase the confidence of investors. The two companies began sending salesmen to hold briefings in 2018 to invest in real estate, art, green energy, concerts, and virtual assets in Southeast Asia. They even launched a Misaki Wagyu beef cultivation plan, a comprehensive project that combines food, tourism, and promotion of Japanese Wagyu culture to attract public investment.

It has also launched concepts such as power capsules, promoted renewable energy, and used gimmicks such as cooperation with the United States to make investors willing to pay for it.

Investigators discovered that from April 2018 to February 2026, the two companies advertised annualized investment rates of 10 to 62% and defrauded more than 200 investors in total. The amount of investment per person started from 30,000 yuan, with a single investment up to 2 million yuan, and the total investment amount was more than 600 million yuan.

Taipei District Prosecutor's Office prosecutor Wu Yiqian saw that the time was ripe today and directed the investigators of the Taipei City Investigation Division to search the two companies and 10 residences of the persons in charge surnamed Lin and Tu.