Minister of Finance Lin Chuan (
"The president [Lee Sheng-yann (李勝彥)] of the Bank of Taiwan (台灣銀行) should be held responsible for mismanaging the crisis, which caused the public to panic," Lin told a press conference yesterday.
Public confidence in the security of electronic banking transactions was rocked after the Bank of Taiwan failed to properly handle the incident's aftermath, Lin said.
He said he hopes the bank's board will decide to issue Lee a demerit within a week. The board is scheduled to meet today.
Within the next week, Lin said, the three banks in the scandal should demote the heads of the four branches where investigators found that forged ATM cards were copied from their card-swipe door-entry systems.
"They should be held responsible for internal management, which was seriously flawed since it didn't detect the videotaping equipment that had been secretly installed in the ATM entry systems," Lin said.
However, the ministry took time yesterday to praise a police officer, a Makoto Bank (誠泰銀行) official and the Financial Information Service Co (財金公司) for helping authorities crack the fraud ring.
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