The Taipei District Court yesterday found former National Security Bureau chief accountant Hsu Ping-chiang (
"If the prosecutor handling the case decides to file for an appeal and take the case to the Taiwan High Court, a second ruling is possible," district court spokesman Huang Jiunn-ming (
Yesterday's verdict received much public attention as several high-profile government officials were involved in the case.
The scandal began with the disappearance in 1994 of US$4.5 million from a secret fund of US$10.58 million for securing diplomatic relations with South Africa. According to prosecutors, the bureau paid the money to South Africa on behalf of the Ministry of Foreign Affairs in May 1994.
On April 4, 1999, the ministry returned a total of US$10.7 million, including interest, to the bureau. Hsu allegedly asked former chief cashier Liu Kuan-chun (
Liu is himself suspected of embezzling more than NT$192 million (US$5.65 million) from that figure. According to the Bureau of Investigation, he left the country on Sept. 3, 2000, for Shanghai.
He reappeared in Bangkok in January 2002 and then went to North America. Liu is still on the run.
On Nov. 17 last year, the Taipei Prosecutor's Office char-ged Hsu and Liu with corruption and asked the court for a sentence of 15 years for Hsu and 12 years for Liu.
Former China Development Holding Corp chairman Liu Tai-ying (劉泰英), who was president of the Taiwan Research Institute at the time, allegedly wired money to Ruentex Corp chairman Yin Yen-liang's (尹衍樑) bank accounts in the US and Singapore. Yin then allegedly wired the money to one of Ruentex's bank accounts in Taiwan, after which he "donated" US$3 million of it to the Taiwan Research Institute.
On April 14, former president Lee Teng-hui (李登輝) and Hsu went head-to-head during a closed-door hearing at the Taipei District Court over the secret fund.
In his National Day Rally speech on Sunday, Singaporean Prime Minister Lawrence Wong (黃循財) quoted the Taiwanese song One Small Umbrella (一支小雨傘) to describe his nation’s situation. Wong’s use of such a song shows Singapore’s familiarity with Taiwan’s culture and is a perfect reflection of exchanges between the two nations, Representative to Singapore Tung Chen-yuan (童振源) said yesterday in a post on Facebook. Wong quoted the song, saying: “As the rain gets heavier, I will take care of you, and you,” in Mandarin, using it as a metaphor for Singaporeans coming together to face challenges. Other Singaporean politicians have also used Taiwanese songs
NORTHERN STRIKE: Taiwanese military personnel have been training ‘in strategic and tactical battle operations’ in Michigan, a former US diplomat said More than 500 Taiwanese troops participated in this year’s Northern Strike military exercise held at Lake Michigan by the US, a Pentagon-run news outlet reported yesterday. The Michigan National Guard-sponsored drill involved 7,500 military personnel from 36 nations and territories around the world, the Stars and Stripes said. This year’s edition of Northern Strike, which concluded on Sunday, simulated a war in the Indo-Pacific region in a departure from its traditional European focus, it said. The change indicated a greater shift in the US armed forces’ attention to a potential conflict in Asia, it added. Citing a briefing by a Michigan National Guard senior
CHIPMAKING INVESTMENT: J.W. Kuo told legislators that Department of Investment Review approval would be needed were Washington to seek a TSMC board seat Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said he received information about a possible US government investment in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and an assessment of the possible effect on the firm requires further discussion. If the US were to invest in TSMC, the plan would need to be reviewed by the Department of Investment Review, Kuo told reporters ahead of a hearing of the legislature’s Economics Committee. Kuo’s remarks came after US Secretary of Commerce Howard Lutnick on Tuesday said that the US government is looking into the federal government taking equity stakes in computer chip manufacturers that
US President Donald Trump on Friday said that Chinese President Xi Jinping (習近平) told him China would not invade Taiwan while Trump is in office. Trump made the remarks in an interview with Fox News, ahead of talks with Russian President Vladimir Putin over Moscow’s invasion of Ukraine. “I will tell you, you know, you have a very similar thing with President Xi of China and Taiwan, but I don’t believe there’s any way it’s going to happen as long as I’m here. We’ll see,” Trump said during an interview on Fox News’ Special Report. “He told me: ‘I will never do
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