Taiwan High Court prosecutors yesterday summoned for questioning the former principal of the private Jin Wen Institute of Technology (
A financial crisis at the Jin Wen Group (
The prosecutors said yesterday that they suspect Chang had stolen money from the institute by having his construction companies contract for the institute's construction projects at inflated prices.
They alleged that, in doing so, Chang misappropriated some NT$200 million in students' school fees and Ministry of Education subsidies.
Taiwan High Court and Taipei District Court prosecutors yesterday questioned Chang's son-in-law, Lin Tsung-sung (
Prosecutors and Ministry of Justice Investigation Bureau investigators yesterday morning went to the technology institute to gather material which they think may be relevant to the case.
Chang is also reported to have borrowed money from institute staff amounting to hundreds of millions of NT dollars. He is reported to have experienced major financial difficulties because of an investment failure in Vietnam.
Chang's Jin Wen group operates a diverse array of businesses, including construction companies, industrial enterprises, schools and investment firms.
The prosecutors said they might issue an order for Chang's arrest if he does not come back to Taiwan to face investigation. They also banned several people suspected of involvement in the case from leaving the country.
Meanwhile, the Central News Agency reported yesterday that the Taipei City Bureau of Education might take over the board of the Jin Wen Institute of Technology.
The education bureau said it had in an audit of the school's properties late last year found tens of thousands of NT dollars belonging to the school missing.
CNA also cited the education bureau as saying that the institute had not carried out a valid re-election of board members after Chang's resignation, because the board meeting at which it was held did not constitute a quorum.
The education bureau said it would hold a meeting in a week's time to decide whether to take over the institute.
CNA said, however, that one board member had said the board re-election was valid and that the education bureau should not take over the board.
‘CHARM OFFENSIVE’: Beijing has been sending senior Chinese officials to Okinawa as part of efforts to influence public opinion against the US, the ‘Telegraph’ reported Beijing is believed to be sowing divisions in Japan’s Okinawa Prefecture to better facilitate an invasion of Taiwan, British newspaper the Telegraph reported on Saturday. Less than 750km from Taiwan, Okinawa hosts nearly 30,000 US troops who would likely “play a pivotal role should Beijing order the invasion of Taiwan,” it wrote. To prevent US intervention in an invasion, China is carrying out a “silent invasion” of Okinawa by stoking the flames of discontent among locals toward the US presence in the prefecture, it said. Beijing is also allegedly funding separatists in the region, including Chosuke Yara, the head of the Ryukyu Independence
UNITED: The premier said Trump’s tariff comments provided a great opportunity for the private and public sectors to come together to maintain the nation’s chip advantage The government is considering ways to assist the nation’s semiconductor industry or hosting collaborative projects with the private sector after US President Donald Trump threatened to impose a 100 percent tariff on chips exported to the US, Premier Cho Jung-tai (卓榮泰) said yesterday. Trump on Monday told Republican members of the US Congress about plans to impose sweeping tariffs on semiconductors, steel, aluminum, copper and pharmaceuticals “in the very near future.” “It’s time for the United States to return to the system that made us richer and more powerful than ever before,” Trump said at the Republican Issues Conference in Miami, Florida. “They
GOLDEN OPPORTUNITY: Taiwan must capitalize on the shock waves DeepSeek has sent through US markets to show it is a tech partner of Washington, a researcher said China’s reported breakthrough in artificial intelligence (AI) would prompt the US to seek a stronger alliance with Taiwan and Japan to secure its technological superiority, a Taiwanese researcher said yesterday. The launch of low-cost AI model DeepSeek (深度求索) on Monday sent US tech stocks tumbling, with chipmaker Nvidia Corp losing 16 percent of its value and the NASDAQ falling 612.46 points, or 3.07 percent, to close at 19,341.84 points. On the same day, the Philadelphia Stock Exchange Semiconductor Sector index dropped 488.7 points, or 9.15 percent, to close at 4,853.24 points. The launch of the Chinese chatbot proves that a competitor can
‘VERY SHALLOW’: The center of Saturday’s quake in Tainan’s Dongshan District hit at a depth of 7.7km, while yesterday’s in Nansai was at a depth of 8.1km, the CWA said Two magnitude 5.7 earthquakes that struck on Saturday night and yesterday morning were aftershocks triggered by a magnitude 6.4 quake on Tuesday last week, a seismologist said, adding that the epicenters of the aftershocks are moving westward. Saturday and yesterday’s earthquakes occurred as people were preparing for the Lunar New Year holiday this week. As of 10am yesterday, the Central Weather Administration (CWA) recorded 110 aftershocks from last week’s main earthquake, including six magnitude 5 to 6 quakes and 32 magnitude 4 to 5 tremors. Seventy-one of the earthquakes were smaller than magnitude 4. Thirty-one of the aftershocks were felt nationwide, while 79
RSS