You Hwai-yin explained

You Hwai-yin
Native Name Lang:zh-tw
Honorific-Suffix:MLY
Order:Member of the Legislative Yuan
Constituency:Republic of China
Term Start:1 February 1999
Term End:31 January 2002
Constituency1:Changhua County
Term Start1:1 February 1993
Term End1:31 January 1999
Birth Date:1942 4, df=yes
Nationality:Republic of China
Party:Kuomintang
Occupation:Politician
Profession:Banker

You Hwai-yin (; born 26 April 1942) is a Taiwanese banker and politician. He served in the Legislative Yuan from 1993 to 2002.

You studied at Chinese Culture University and attended graduate school at the University of San Francisco.[1] [2]

While You was a legislator, he chaired the Wan Gwo Securities Investment Trust Company and the Fu Long Securities Company and was also the largest shareholder in Taitung Business Bank.[3] As part of an investigation into black gold politics, You was indicted for insider trading in August 2000.[4] [5] In September, the Taipei District Court found that You had concealed the Taitung Business Bank's 1996 losses in an effort to raise more capital. He was sentenced to a prison term of three months.[6] Subsequent legal action in 2012 approximated the total loss at NT$2.6 billion and You was sentenced to another six years and six months in prison by the Taitung District Court.[7]

Notes and References

  1. News: You Hwai-yin (4). 6 July 2017. Legislative Yuan.
  2. News: You Hwai-yin (3). 6 July 2017. Legislative Yuan.
  3. News: Chou. Stanley. Chung Shing loan scandal just the tip of the iceberg. 27 February 2017. Taipei Times. 5 May 2000.
  4. News: Chou. Stanley. KMT legislator targeted over share manipulation. 27 February 2017. Taipei Times. 17 August 2000.
  5. News: Jou. Ying-cheng. Anti-'black gold' crackdown nets 70 officials since June. 27 February 2017. Taipei Times. 20 December 2000.
  6. News: Lin. Irene. High Court overrules decision of lower court to release KMT legislator on bail. 27 February 2017. Taipei Times. 8 September 2000.
  7. News: Former trader convicted. 27 February 2017. Taipei Times. 7 February 2012.