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FSC head declines to comment on possible resignation

The chairman of the Financial Supervisory Commission, Kong Jaw-sheng (龔照勝), yesterday shied away from answering if he would take political responsibility and step down over the scandal about a high-level official in the commission being indicted in a case related to insider trading.

"Premier [Frank] Hsieh made the response to the question earlier today," Kong said, while trying to pass through a bunch of reporters surrounding him and rushing into an elevator yesterday.

The commission didn't want to comment amid the ongoing investigation of the case, Kong said, adding that the whole event was regretful and employees' personal lives would be taken into account when selecting and promoting them in the future.

Kong became the focus of headlines recently when the FSC's former Examination Bureau director-general, Lee Chin-chen (李進誠), was indicted for his alleged involvement in insider trading, and may yet receive up to an eight-year sentence.

Premier Frank Hsieh (謝長廷) earlier yesterday showed his support for his own Cabinet members when he was asked whether Kong should step down.

"This is completely unfair," Hsieh said. "If that logic applies, does it mean that local county commissioners or mayors should also step down because of fires, theft and so on? If that is the case, then I'm afraid we won't have any officials left."

"As far as I am concerned, Lee's position has been suspended and he has offered his resignation. We should clarify what responsibilities are, instead of asking officials to step down no matter what the situation is," Hsieh said.
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