Prosecutors this morning issued a wanted bulletin for former Taiyen Biotech Co (台鹽生技) chairman Chen Chi-yu (陳啟昱), who has gone missing after being named a suspect in a fraud case involving solar projects.
After being questioned and released on Oct. 24, the Tainan District Prosecutors’ Office on Friday summoned Chen for more questions, but he could not be found at his residence in Kaohsiung’s Chishan District (旗山).
Anyone with information about Chen’s whereabouts is encouraged to call the office at 06-2959731 ext 6900, it said.
Photo courtesy of Taiyen Biotech
Prosecutors are also investigating four other executives in connection to the case, which involves alleged illegal profits of about NT$300 million (US$9.38 million) relating to Taiyen Green Energy Co (台鹽綠能), a subsidiary of Taiyen Biotech Co.
After questioning the executives on Oct. 23, prosecutors requested that they be detained for suspected contraventions of the Criminal Code and the Securities and Exchange Act (證券交易法), including for alleged fraud, breach of trust and publishing an official document containing false information.
Prosecutors alleged that Chen and other executives released fraudulent revenue reports and falsified documents in collusion with other firms to secure tenders for solar power farm projects and related construction work in southern Taiwan.
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