Taipei Chief Prosecutor Lin Jinn-tsun (
"There will be a second indictment of suspects, including the China Development Financial Holding Corp Chairman Liu Tai-ying (
Those indicted are Zanadau Development Corp majority shareholder Su Hui-chen (
PHOTO: HUNG CHENG-HUNG, TAIPEI TIMES
The seven suspects whose charges will be suspended for two years, are Kaohsiung Fifth Credit Cooperative Credit Investigative Section Chief Hung Chen-hsiung (
All seven have been charged with breach of trust. If they do not break the law within the next two years, however, the charges against them will be automatically dropped.
"The seven suspects' charges were suspended because prosecutors believe they simply accepted orders rather than deliberately committed a crime by receiving bribes of their own volition," Chen Hung-ta said.
Su was charged with violations of the Securities Exchange Law (
Lee Ming-che was charged with corruption, forgery and breach of trust. Prosecutors demanded a 12-year sentence for him, alleging he was the broker behind the scandal.
Hsieh was charged with corruption and faces a possible 14-year sentence for allegedly using Taiwan Fertilizer's money to buy Zanadau stocks and receiving bribes from Su.
Yu Chen was charged with violation of the Securities Exchange Law and breach of trust for allegedly manipulating Zanadau's stocks as the company's president in 1998.
Yu Chen's resignation as a senior adviser to the president was immediately approved by President Chen Shui-bian (
Wong was charged with corruption and faces a possible nine-year sentence for allegedly receiving NT$25 million via Hsieh, as a bribe from Su.
Lin was charged with corruption with a recommended seven-year sentence for helping Su to receive a license for the construction of Zanadau's 11.66 hectare Tahu Commercial Zone (大湖工商綜合區) in Kaohsiung County, when the company did not meet eligibility criteria for such a license.
Lee Ming-se was charged with breach of trust with a suggested four-year sentence. Charges against the rest of the bank's employees were suspended.
They all allegedly helped Su gain financing from the bank, although Su had a poor credit history and was not qualified for the mortgage.
Chinese-language media have reported that prosecutors hurried to wrap up the first indictment yesterday because their deadline for indicting or relasing two of the major suspects -- Hsieh and Lee Ming-che -- falls tomorrow.
Hsieh and Lee have been detained since Oct. 17 last year. Under the Code of Criminal Procedure (刑事訴訟法), a detention request is valid for two months if approved by judges connected to the case.
Prosecutors may request another two months, making the total length of the detention four months, if necessary.
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