Principle Zanadau Development Corp shareholder Su Hui-chen (蘇惠珍) yesterday attributed her near detention on Christmas Eve to a joint plot by ruling and opposition politicians to thwart her exposure of their misdeeds.
She singled out Legislative Speaker Wang Jin-pyng (王金平) and leading financier Benny Hu (胡定吾) for criticism, alleging the two spearheaded the cross-party campaign to shut her up.
Wang later dismissed the charge as baseless and was upbeat that investigators will attest to his integrity as the probe into the Zanadau scandal unfolds. Hu has said he will not play into Su's hands, who he earlier said attacked him in a bid to retaliate his denial of bank loans.
Su, who has implicated scores of officials in an influence-peddling scheme, told a news conference in Taipei she could sense a political force to keep her quiet.
Though without concrete evidence, the businesswoman said she suspected Wang and Hu have exploited their connections with the blue and the green camps respectively to intervene in the case.
"That accounted for the recent search of my residence and offices which was conducted in a loose and rough manner," said Su, who has since Dec. 23 been listed as a suspect instead of a witness.
Su is suspected of dishonestly boosting the price of a land in Kaohsiung County where Zanadau intended to build a multi-billion dollar shopping mall. The project ran aground later for a lack of capital.
Su tried to back up her claims by pointing out that Wang retains close ties with Lee Ming-che (李明哲), who has been held in detention for alleged financial irregularities.
"Via Lee, the legislative speaker once asked me for a loan worth over NT$10 million, though the transaction may not necessarily incriminate Wang," she said. "He has probably come under pressure from ruling and opposition colleagues to help end the mess."
Back in 1998, Su reportedly paid a legislative panel an unspecified sum of money to remove their resistance to the privatization of Taiwan Fertilizer Company (Taifertilizer).
The ad hoc committee consisted of then DPP lawmakers Hong Chi-chang (洪奇昌), Ker Chien-ming (柯建銘), Chang Chun-hsiung (張俊雄) and Lin Wen-lang (林文郎). Former KMT legislators Gary Wang (王令麟), Wu Ko-ching (吳克清) and Chen Ching-pao (陳清寶) also sat on the cross-party panel, as did former New Party members Josephine Chu (朱惠良) and Stella Chou (周荃).
After holding three meetings, the committee decided to dissolve and stop their obstruction of the privatization. Taifertilizer later became a Zanadau shareholder.
Su said, with an undertone of warning, that she would not reveal the moral flaws of any politicians unless she was forced to do so. Her lawyer claimed that Wang approached investigators in September to voice his concerns about the Zanadau probe.
Su in part blamed her misfortunes on the maneuvering of Benny Hu, chairman of China Development Industrial Asset Management Corp.
She said Hu had taken advantage of his connections in the DPP government to seek her imprisonment.
"You can tell his political color by the fact that he almost took the helm of the finance ministry in February," she said.
The legislative speaker, however, denied any involvement in the Zanadau affair and panned charges against him as a smear campaign by political foes.
"It is absolutely untrue that I attempted to influence the investigation," Wang said. "I have tried my best to make friends with all during my 20-year political career."
He said he did solicit a loan from Su on behalf of a lawmaker whose name the speaker said he could no longer remember.
Wang said he roughly knew who was seeking his downfall and cautioned his rivals to exercise restraint.
Chinese President Xi Jinping (習近平) yesterday said that the Chinese Communist Party was planning and implementing “major” reforms, ahead of a political conclave that is expected to put economic recovery high on the agenda. Chinese policymakers have struggled to reignite growth since late 2022, when restrictions put in place due to the COVID-19 pandemic were lifted. The world’s second-largest economy is beset by a debt crisis in the property sector, persistently low consumption and high unemployment among young people. Policymakers “are planning and implementing major measures to further deepen reform in a comprehensive manner,” Xi said in a speech at the Great Hall
CIVIL DEFENSE: More reservists in alternative service would help establish a sound civil defense system for use in wartime and during natural disasters, Kuma Academy’s CEO said While a total of 120,000 reservists are expected to be called up for alternative reserve drills this year, compared with the 6,505 drilled last year, the number has been revised to 58,000 due to a postponed training date, Deputy Minster of the Interior Ma Shih-yuan (馬士元) said. In principle, the ministry still aims to call up 120,000 reservists for alternative reserve drills next year, he said, but the actual number would not be decided later until after this year’s evaluation. The increase follows a Legislative Yuan request that the Ministry of the Interior address low recruitment rates, which it made while reviewing
DETERRENCE: Along with US$500 million in military aid and up to US$2 billion in loans and loan guarantees, the bill would allocate US$400 million to countering PRC influence The US House of Representatives on Friday approved an appropriations bill for fiscal year 2025 that includes US$500 million in military aid for Taiwan. The legislation, which authorizes funding for the US Department of State, US foreign operations and related programs for next year, passed 212-200 in the Republican-led House. The bill stipulates that the US would provide no less than US$500 million in foreign military financing for Taiwan to enhance deterrence across the Taiwan Strait, and offer Taipei up to US$2 billion in loans and loan guarantees for the same purpose. The funding would be made available under the US’ Foreign Military
WARNING: China has stepped up harassment of foreign vessels after its new regulation took effect last month, an official said, citing an incident in the Diaoyutai Islands The Coast Guard Administration (CGA) yesterday linked China’s seizure of a Taiwanese fishing vessel illegally operating in its territorial waters to Beijing’s new regulation authorizing the China Coast Guard to seize boats in waters it claims. Chinese officials boarded and then seized a Taiwanese fishing vessel operating near China’s coast close to Kinmen County late on Tuesday and took it to a Chinese port, the CGA said. The Penghu-registered squid fishing vessel Da Jin Man No. 88 (大進滿88) was boarded and seized by China Coast Guard east-northeast of Liaoluo Bay (料羅灣), 17.5 nautical miles (32.4km) from Taiwan’s restricted waters off Kinmen,