Tue, Aug 16, 2005 - Page 10 News List

Investors furious after Yeh retakes post

EMBEZZLING CHARGES The former chairwoman of Procomp Informatics Co will regain her position, although she stands accused of stealing about NT$7 billion

By Amber Chung  /  STAFF REPORTER

The official suggested amending the Securities and Exchange Law to prevent companies from losing their listed status after committing severe economic crimes, in an effort to keep them from getting away from stricter regulations and supervision, he said.

Apart from legal amendments, the most effective balm for affected investors would be for the court to expedite its hearing process and put people responsible for wrongdoing in jail, said Charles Yeh (葉銀華), a professor at the Graduate Institute of Finance at Fu Jen Catholic University.

Charles Yeh meanwhile urged the authorities to track down and recover as much of the company's missing capital as possible, to compensate for investors' losses, Yeh said.

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