The Taipei District Prosecutors’ Office yesterday listed Yuanta Group (元大集團) chairman Rudy Ma (馬志玲) as a defendant in a case amid allegations of stock manipulation.
Taipei District Prosecutors’ Office spokesman Fred Lin (林錦村) said Ma allegedly masterminded Yuanta Securities’ (元大證券) purchase of Yuanta Investment Trust Co (元大投信) stocks to sell them at higher prices and then embezzled as much as NT$1 billion (US$30 million) from the deals in 2005.
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Lin said evidence showed that this case was isolated from investigations targeting former president Chen Shui-bian (陳水扁) and his family.
Lin said Ma was summoned and questioned on Monday and was released on NT$20 million baiSl on Tuesday.
Prosecutors yesterday listed him as a defendant in the case, Lin said, adding that Ma was also barred from relocating or leaving the nation.
Approached for comment, Supreme Prosecutors’ Office Special Investigation Panel spokesman Chen Yun-nan (陳雲南) said he had no idea that the Taipei District Prosecutors’ Office had been investigating Ma.
But Chen Yun-nan said prosecutors from both ends would help each other and work together “whenever necessary.”
The Mainland Affairs Council (MAC) on Friday condemned Chinese and Russian authorities for escalating regional tensions, citing Chinese warplanes crossing the Taiwan Strait’s median line and joint China-Russia military activities breaching South Korea’s air defense identification zone (KADIZ) over the past two days. A total of 30 Chinese warplanes crossed the median line of the Taiwan Strait on Thursday and Friday, entering Taiwan’s northern and southwestern airspace in coordination with 15 naval vessels and three high-altitude balloons, the MAC said in a statement. The Chinese military also carried out another “joint combat readiness patrol” targeting Taiwan on Thursday evening, the MAC said. On
The Mainland Affairs Council (MAC) yesterday confirmed that Chinese students visiting Taiwan at the invitation of the Ma Ying-jeou Foundation were almost all affiliated with the Chinese Communist Party (CCP). During yesterday’s meeting convened by the legislature’s Foreign Affairs and National Defense Committee, Democratic Progressive Party (DPP) Legislator Michelle Lin (林楚茵) asked whether the visit was a way to spread China’s so-called “united front” rhetoric, to which MAC Deputy Ministry Shen You-chung (沈有忠) responded with the CCP comment. The MAC noticed that the Chinese individuals visiting Taiwan, including those in sports, education, or religion, have had increasingly impressive backgrounds, demonstrating that the
MILITARY EXERCISES: China is expected to conduct more drills in the region after President William Lai’s office announced he would stopover in Hawaii and Guam China is likely to launch military drills in the coming days near Taiwan, using President William Lai’s (賴清德) upcoming trip to the Pacific and scheduled US transit as a pretext, regional security officials said. Lai is to begin a visit to Taipei’s three diplomatic allies in the Pacific on Saturday, and sources told Reuters he was planning stops in Hawaii and the US territory of Guam in a sensitive trip shortly after the US presidential election. Lai’s office has yet to confirm details of what are officially “stop-overs” in the US, but is expected to do so shortly before he departs, sources
Tasa Meng Corp (采盟), which runs Taiwan Duty Free, could be fined up to NT$1 million (US$30,737) after the owner and employees took center stage in a photograph with government officials and the returning Premier12 baseball champions at Taiwan Taoyuan International Airport on Monday evening. When Taiwan’s national baseball team arrived home fresh from their World Baseball Softball Confederation Premier12 championship victory in Tokyo, Vice President Hsiao Bi-khim (蕭美琴) was at the airport with Chinese Professional Baseball League commissioner Tsai Chi-chang (蔡其昌) to welcome back the team. However, after Hsiao and Tsai took a photograph with the team, Tasa Meng chairwoman Ku
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