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.”
An undersea cable to Penghu County has been severed, the Ministry of Digital Affairs said today, with a Chinese-funded ship suspected of being responsible. It comes just a month after a Chinese ship was suspected of severing an undersea cable north of Keelung Harbor. The National Communications and Cyber Security Center received a report at 3:03am today from Chunghwa Telecom that the No. 3 cable from Taiwan to Penghu was severed 14.7km off the coast of Tainan, the Ministry of Digital Affairs said. The Coast Guard Administration (CGA) upon receiving a report from Chunghwa Telecom began to monitor the Togolese-flagged Hong Tai (宏泰)
EVA Air is prohibiting the use of portable chargers on board all flights starting from Saturday, while China Airlines is advising passengers not to use them, following the lead of South Korean airlines. Current regulations prohibit portable chargers and lithium batteries from check-in luggage and require them to be properly packed in carry-on baggage, EVA Air said. To improve onboard safety, portable chargers and spare lithium batteries would be prohibited from use on all fights starting on Saturday, it said. Passengers are advised to fully charge electronic devices before boarding and use the AC and USB charging outlets at their seat, it said. South
Hong Kong-based American singer-songwriter Khalil Fong (方大同) has passed away at the age of 41, Fong’s record label confirmed yesterday. “With unwavering optimism in the face of a relentless illness for five years, Khalil Fong gently and gracefully bid farewell to this world on the morning of February 21, 2025, stepping into the next realm of existence to carry forward his purpose and dreams,” Fu Music wrote on the company’s official Facebook page. “The music and graphic novels he gifted to the world remain an eternal testament to his luminous spirit, a timeless treasure for generations to come,” it said. Although Fong’s
WAR SIMULATION: The developers of the board game ‘2045’ consulted experts and analysts, and made maps based on real-life Chinese People’s Liberation Army exercises To stop invading Chinese forces seizing Taiwan, board gamer Ruth Zhong chooses the nuclear option: Dropping an atomic bomb on Taipei to secure the nation’s freedom and her victory. The Taiwanese board game 2045 is a zero-sum contest of military strategy and individual self-interest that puts players on the front lines of a simulated Chinese attack. Their battlefield game tactics would determine the theoretical future of Taiwan, which in the real world faces the constant threat of a Chinese invasion. “The most interesting part of this game is that you have to make continuous decisions based on the evolving situation,
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