Even though Sun Dao was in jail, he still received 9 million! Former Taidian chairman was dismissed without prosecution

After the late former Taidian Chairman Sun Daocun was imprisoned for the hollowing-out case, his brother and former Vice Chairman Sun Daoheng and former General Affairs Department Assistant Manager Lin Shizhang were suspected of using gift certificate write-offs and company rental cars to pay private accounts for Sun Daocun and his wife, causing Taidian to lose money. About 9 million yuan, the Taipei District Prosecutor's Office prosecuted two people for special breach of trust; former Taidian Chairman Yuan Juntang was not prosecuted because the crime was insufficient. After being sent for deliberation in accordance with its authority, the High Prosecutor's Office today revoked Yuan Juntang's non-prosecution and remanded the case for further investigation.

According to the prosecutor's investigation, Sun Daocun no longer works at Taidian after he was imprisoned in September 2017, and the company is no longer allowed to pay wages or other property benefits in accordance with the law. Since August of the same year, Lin Shizhang purchased postal gift certificates with advance payment or by himself, cashed them in the name of gifts for birthdays, employee birthdays, etc., and transferred them to his wife Wu Yiling through Sun Daocun's secretary for the couple's expenses. Wang Qiumin then produced false write-off information, and after Sun Daoheng approved the request, he concealed the flow of funds, causing Taidian to lose 2,432,210 yuan.

The prosecutor continued to investigate and found that since November 2017, Lin Shizhang had successively leased three vehicles in the name of Taidian, provided them to Sun Daocun and Wu Yiling for use, and assigned unknowing Taidian drivers to drive them. Until November 2021, Taidian had spent at least more than 6.57 million yuan on the three vehicles.

The prosecutor in charge, Jiang Changzhi, determined that Sun Daoheng and Lin Shizhang paid personal expenses for Sun Daocun and his wife through advances, gift certificate write-offs, and company car rentals, causing Taidian to lose about 9 million yuan. They were prosecuted for special breach of trust under the Securities and Exchange Act.

After Yuan Juntang was not prosecuted, the prosecutors sent the case to the High People's Procuratorate for further discussion in accordance with their authority. The High People's Procuratorate revoked Yuan Juntang's non-prosecution decision and now sent it back to the Beijing Prosecutor's Office for continued investigation.