Taipei prosecutors yesterday charged former chairman of the KMT Investment and Business Management Committee Liu Tai-ying (劉泰英) with a variety of offenses relating to 12 corporate scandals.
Taipei Chief Prosecutor Lin Jinn-tsun (
"We decided to indict Liu and suggested a 16-year sentence for him because evidence showed that he has done things which he was not supposed to do while holding an important position and political links to the former ruling party," said Chen Hung-ta (
As of press time yesterday, the Taipei District Court was deliberating whether to release Liu, also a former chairman of the China Development Holding Corp, on bail.
Liu was originally investigated for allegedly accepting a NT$1.06 billion kickback from Su Hui-chen (
It was during these investigations that prosecutors discovered from Liu's bank transactions that he also used KMT assets to invest in other companies or in mortgages for personal purposes while he was chairman of the KMT Investment and Business Management Committee during the presidency of Lee Teng-hui (
For these suspected crimes, nine others were charged along with Liu.
Former KMT Investment and Business Management Committee secretary-general Darby Liu (
China Green Fiber Corp general manager Cheng Tsung-cheng (鄭淙王爭) was charged with document forgery in the Taiwan Pineapple case.
Kuo-hung International Development Corp president Su Chih-jen (
They allegedly try to help Liu Tai-ying get construction licenses for a cemetery project in which he had invested KMT assets.
China Development Holding Corp Executive vice president Shih Jer-shyong (
Chen Kun-yung (
China Development Holding Corp Business Manager Chen Jui-hsun (
Chiaotoubao Corp president Yang Ching-lan (
Liu was once known as the KMT's unofficial treasurer and was a close friend of Lee's. He is widely thought to have exercised ultimate control over the KMT's assets during Lee's presidency and chairmanship of the party.
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