President Chen Shui-bian (
Chen asked that Su "take good care" of the problem and mete out punishment if necessary.
He also asked Yu to discuss the possibility of revamping exiting laws within the DPP caucus to make it mandatory to publish information on financial institutions with extravagant bad loans.
"I am totally baffled by the regulation. Why cannot the identity of the individuals who maliciously pilage financial institutions be made public? Why must it be the government and the public who are left to deal with the problems, while those who are responsible get away with it?" he asked.
Chen made the remarks during a press conference held in Managua, Nicaragua. He was visiting the nation's ally in Central America to attend the inauguration of Nicaraguan president-elect Daniel Ortega yesterday.
Yu is part of Chen's delegation in Nicaragua.
Two subsidiaries of the Rebar Asia Pacific Group (
The bank was taken over by the government through the Central Deposit Insurance Corp last Friday, causing a public uproar over alleged misuse of taxpayer's money.
Rebar Group chairman Wang You-theng (
Chen then commented on the fairness and utility of using taxpayer money to deal with the situation.
"The government must listen to the grievances of the people and bow humbly before them," he said.
On a separate issue, replying to a question about the constitutionality of prosecutors questioning the president, Chen said that it was open for debate and that the problem lies with the system rather than the person.
Chen caused a stir by relinquishing his presidential prerogative and accepting to be questioned by prosecutors investigating the alleged misuse of his "state affairs fund."
The DPP caucus has requested that the Council of Grand Justices determine whether prosecutors violated Article 52 of the Constitution, which grants immunity to the president except in case of sedition or treason.
While the Taipei District Court again requested that the Presidential Office present by today documents relating to the fund -- part of which Chen claims to have used for matters of secret diplomacy -- Chen said he would let the Presidential Office deal with the matter.
The office has refused to comply with the court's first request last month.
The Ministry of Economic Affairs has fined Taobao NT$1.2 million (US$36,912) for advertisements that exceed its approved business scope, requiring the Chinese e-commerce platform to make corrections in the first half of this year or its license may be revoked. Lawmakers have called for stricter enforcement of Chinese e-commerce platforms and measures to prevent China from laundering its goods through Taiwan in response to US President Donald Trump’s heavy tariffs on China. The Legislative Yuan’s Finance Committee met today to discuss policies to prevent China from dumping goods in Taiwan, inviting government agencies to report. Democratic Progressive Party Legislator Kuo Kuo-wen (郭國文) said
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Sung Chien-liang (宋建樑), who led efforts to recall Democratic Progressive Party (DPP) Legislator Lee Kun-cheng (李坤城), was released on bail of NT$80,000 today amid outcry over his decision to wear a Nazi armband to questioning the night before. Sung arrived at the New Taipei District Prosecutors’ Office for questioning in a recall petition forgery case last night wearing a red armband bearing a swastika, carrying a copy of Adolf Hitler’s Mein Kampf and giving a Nazi salute. Sung left the building at 1:15am without the armband and covering the book with his coat. Lee said today that this is a serious