Minister of Finance Joseph Lyu (呂桔誠) said that he has telephoned Koo twice to inform him of Lin's appointment, but the company issued a statement saying that it has not received any notice of the change.
Lin's ethics were questioned by Chinese Nationalist Party (KMT) Legislator Sun Ta-chien (孫大千) on Tuesday. Sun said that Lin was involved in a financial scandal that is under investigation. Premier Su Tseng-chang (蘇貞昌) said that Lin would immediately be removed from his post if he were indicted.
China Development Financial shares dropped NT$0.6 to close at NT$11.15 on the Taiwan Stock Exchange yesterday.
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