Mr, On Chien-chen, manager the defunct Wing On' Finance Cor-[poration, was sentenced to one year's fmnprisonment by Judge Siso in the First Special District Court on Monday, Aug. 26, on charges of fraud and' misappropriation. 'Mr. K. Ling, secretary-general of the Chin ese. Bankers" Association, who served as a director of the' defunct concern, was fined $200 for failure to register with the authorities in, accordance with the corporation Iw, While Mr, Lo Hus-fong, another Jomciat of the institution, was acquitted.
Both Mr, On and Me. Ling were named "defendants" in a. private fiminal prosecution by. Ste, "Chang Kingsal, Mrs. Chao Chucsze, and several other depositors. The accused twere further ordered. by the cout refund $55080 to the Ast com Plainant, $500 to the' second com-Plalnant, while Mr." On was also Srdered'to' pay one complainant, Lit Chiscing "sun and. Interes. The sult ated by. Miss "Chao Suhong, and the civil sults [Cho Chusee and Mr. Zia" Chun: Ying. were referred. to the "Civil Division of the First 'Speciat 'Dis+ 'The corps ati closed its corporation closed its doors not long after its Inauguration. and efforts to reopen were made without uccets. Bie. On, the manager, was Sentenced to fen! months' imprison font on charges of obtaining de: Dosis through fraudulent means and ix months" imprisonment on charges fof misappropriating "the. depositor? funds, and to serve one year in all.
Phe suits against other offelals of the institution, including Me. Teng Chingewan, will be heard on Sept
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