KMT legislator Yang Chi-hsiung (
At a press conference yesterday, Yang presented a pile of documents which, he claimed, disproved Soong's story that he had returned several months ago a sum of NT$106 million that had been deposited into his son Soong Chen-yuan's (宋鎮遠) Chung Hsing Bills Finance Corporation account.
"Last week Soong claimed that he had returned the money to the unidentified `elder' on June 10," Yang said. "But according to my own information, after June 17 there were still transactions listed in this account.''
Yang also said that even when the account was finally liquidated on Oct. 4, the resulting cash was paid into a deposit account in Soong Chen-yuan's name at a branch of the First Commercial Bank.
"Are there any other mystery accounts?" Yang asked.
Immediately after the press conference finished, Yang went to the Ministry of Finance to provide evidence that Soong Chen-yuan had evaded paying gift tax on the "elder's" donations. He then took the records of Soong Chen-yuan's Chung Hsing Bills Finance account to the Taipei District Prosecutor's Office.
The controversy surrounding the accounts hinges on how in 1991-93, Soong Chen-yuan, at the time only 24 years old, with no independent means of support, purchased NT$120 million worth of securities, receiving NT$106 million in one day in December 1992 when his father was still serving as KMT secretary-general.
James Soong's spokesman, Yen Rong-chang (顏榮昌), denied that the Soong camp had ever claimed the account was liquidated in June.
"Even in our official newsletter, we only said that since Soong Chen-yuan no longer needed the money, we returned it to the `elder' several months ago. There was no mention of a specific date," Yen said.
Yen said that the whole issue still required an explanation from Soong himself.
An aide to Soong said the candidate spent all day yesterday in discussion with his inner circle to hammer out a strategy.
Soong's aides said they were preparing to cancel today's scheduled signature drive in Penghu County to organize a press conference aimed at providing the facts of the case.
Independent legislator Robert Hsu (
The accusations against Soong have had a dramatic impact on the presidential race, but not to the obvious advantage of KMT presidential candidate Lien Chan (
A poll conducted by the TVBS TV channel, conducted on Sunday, showed that DPP presidential hopeful Chen Shui-bian (陳水扁) had taken the lead from Soong.
But DPP legislator Chou Po-lun (
FIREPOWER: On top of the torpedoes, the military would procure Kestrel II anti-tank weapons systems to replace aging license-produced M72 LAW launchers Taiwan is to receive US-made Mark 48 torpedoes and training simulators over the next three years, following delays that hampered the navy’s operational readiness, the Ministry of National Defense’s latest budget proposal showed. The navy next year would acquire four training simulator systems for the torpedoes and take receipt of 14 torpedoes in 2027 and 10 torpedoes in 2028, the ministry said in its budget for the next fiscal year. The torpedoes would almost certainly be utilized in the navy’s two upgraded Chien Lung-class submarines and the indigenously developed Hai Kun, should the attack sub successfully reach operational status. US President Donald Trump
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to start construction of its 1.4-nanometer chip manufacturing facilities at the Central Taiwan Science Park (CTSP, 中部科學園區) as early as October, the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported yesterday, citing the park administration. TSMC acquired land for the second phase of the park’s expansion in Taichung in June. Large cement, construction and facility engineering companies in central Taiwan have reportedly been receiving bids for TSMC-related projects, the report said. Supply-chain firms estimated that the business opportunities for engineering, equipment and materials supply, and back-end packaging and testing could reach as high as
ALL QUIET: The Philippine foreign secretary told senators she would not respond to questions about whether Lin Chia-lung was in the country The Ministry of Foreign Affairs on Wednesday confirmed that a business delegation is visiting the Philippines, but declined to say whether Minister of Foreign Affairs Lin Chia-lung (林佳龍) is part of the group, as Philippine lawmakers raised questions over Lin’s reported visit. The group is being led by Deputy Minister of Agriculture Huang Chao-chin (黃昭欽), Chinese International Economic Cooperation Association (CIECA) chairman Joseph Lyu (呂桔誠) and US-Taiwan Business Council (USTBC) vice president Lotta Danielsson, the ministry said in a statement. However, sources speaking on condition of anonymity said that Lin is leading the delegation of 70 people. Filinvest New Clark City Innovation Park
TPP RALLY: The clashes occurred near the Chiang Kai-shek Memorial Hall on Saturday at a rally to mark the anniversary of a raid on former TPP chairman Ko Wen-je People who clashed with police at a Taiwan People’s Party (TPP) rally in Taipei on Saturday would be referred to prosecutors for investigation, said the Ministry of the Interior, which oversees the National Police Agency. Taipei police had collected evidence of obstruction of public officials and coercion by “disorderly” demonstrators, as well as contraventions of the Assembly and Parade Act (集會遊行法), the ministry said in a statement on Sunday. It added that amid the “severe pushing and jostling” by some demonstrators, eight police officers were injured, including one who was sent to hospital after losing consciousness, allegedly due to heat stroke. The Taipei