Court upholds Taiwan tycoon’s sentence in tainted oil case

KIFI

Published July 30, 2022 2:50 AM

TAIPEI, Taiwan (AP) — A court has upheld a nine-year prison term for one of Taiwan’s richest businesspeople on charges of selling tainted cooking oil. Wei Ying-chung, former chairman of Ting Hsin Oil and Fat Industrial Co., will go to prison for a third time in two cases involving adulterated oil following the ruling by Taiwan’s Supreme Court. Wei, 65, was convicted of importing lard in 2014 meant for use in animal feed from Vietnam and selling it to food manufacturers. The latest ruling left Wei with no more opportunities to appeal. Wei, along with his three brothers, ranked No. 7 last year on Forbes magazine’s list of Taiwan’s richest people with a total fortune of $6.4 billion.

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