Phison Electronics Corp founder and chairman Pua Khein-Seng, who invented the pen drive, is seeking an appeal against his two-year jail sentence ordered by Taiwan Court. TheĀ 47-year-old was found guilty of violating the country’s Securities and Exchange Act and was sentenced to two years in prison by the Taiwan district court.
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It is believed that he struck a special trade deal to counter stiff competition in 2008, when he was in charge of several companies. Pua is seeking to appeal his October 29 conviction for the same case that first emerged in August 2016.Ā
While it is also alleged that he arranged fake transactions from 2009 to 2014, which resulted in unbalanced accounting, bookkeepingĀ and financial statements of Phison company.Ā
In a statement, Phison said that the deal struck was Pua was in companies long-term interest and had not hurt its reputation or put the company at stake. “Phison’s board members have discussed the court rulingĀ and they all support and ask Pua to continue to carry out his duties as chairman of the company.
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