President Chen Shui-bian's (
Chao's father Chao Yu-chu (
Prosecutors alleged the Chaos earned more than NT$100 million (US$3 million) by manipulating Taiwan Development Corp's (TDC) stock prices.
According to prosecutors, Chao Chien-ming's lawyers have said the accounting was not accurate.
Former TDC chairman Su Teh-jien (
Prosecutors indicted Waterland Securities Co board director Tsai Chin-wen (
Nice Group president Chen Jing-yao (陳鏡堯) and manager Hung Min-sen (洪敏森) were indicted for allegedly helping the Chaos manipulate TDC's stock prices.
Prosecutors asked for a two-year sentence for Chen and 18 months for Hung.
Chao Chien-ming's defense attorney Chen Feng-fu (
However, when asked by Presiding Judge Chou Chan-chun (周占春) whether he had anything to say in his own defense, Chao Chien-ming said he had nothing to say.
Yesterday's court session was the final debate between prosecutors and defense counsels. Judge Chou Chan-chun announced that the verdict will be announced at 3pm on Dec. 27.
The indictments are linked to a scandal that erupted earlier this year, when allegations surfaced that Su and Chang Hwa Commercial Bank officials had dined on two occasions with Chao Chien-ming and Yu at a Japanese restaurant in Taipei.
Prosecutors said they believe the men discussed confidential information about TDC, which Chao and his relatives later used to earn profits by trading in TDC shares.
ROLLER-COASTER RIDE: More than five earthquakes ranging from magnitude 4.4 to 5.5 on the Richter scale shook eastern Taiwan in rapid succession yesterday afternoon Back-to-back weather fronts are forecast to hit Taiwan this week, resulting in rain across the nation in the coming days, the Central Weather Administration said yesterday, as it also warned residents in mountainous regions to be wary of landslides and rockfalls. As the first front approached, sporadic rainfall began in central and northern parts of Taiwan yesterday, the agency said, adding that rain is forecast to intensify in those regions today, while brief showers would also affect other parts of the nation. A second weather system is forecast to arrive on Thursday, bringing additional rain to the whole nation until Sunday, it
CONDITIONAL: The PRC imposes secret requirements that the funding it provides cannot be spent in states with diplomatic relations with Taiwan, Emma Reilly said China has been bribing UN officials to obtain “special benefits” and to block funding from countries that have diplomatic ties with Taiwan, a former UN employee told the British House of Commons on Tuesday. At a House of Commons Foreign Affairs Committee hearing into “international relations within the multilateral system,” former Office of the UN High Commissioner for Human Rights (OHCHR) employee Emma Reilly said in a written statement that “Beijing paid bribes to the two successive Presidents of the [UN] General Assembly” during the two-year negotiation of the Sustainable Development Goals. Another way China exercises influence within the UN Secretariat is
LANDSLIDES POSSIBLE: The agency advised the public to avoid visiting mountainous regions due to more expected aftershocks and rainfall from a series of weather fronts A series of earthquakes over the past few days were likely aftershocks of the April 3 earthquake in Hualien County, with further aftershocks to be expected for up to a year, the Central Weather Administration (CWA) said yesterday. Based on the nation’s experience after the quake on Sept. 21, 1999, more aftershocks are possible over the next six months to a year, the agency said. A total of 103 earthquakes of magnitude 4 on the local magnitude scale or higher hit Hualien County from 5:08pm on Monday to 10:27am yesterday, with 27 of them exceeding magnitude 5. They included two, of magnitude
Taiwan’s first drag queen to compete on the internationally acclaimed RuPaul’s Drag Race, Nymphia Wind (妮妃雅), was on Friday crowned the “Next Drag Superstar.” Dressed in a sparkling banana dress, Nymphia Wind swept onto the stage for the final, and stole the show. “Taiwan this is for you,” she said right after show host RuPaul announced her as the winner. “To those who feel like they don’t belong, just remember to live fearlessly and to live their truth,” she said on stage. One of the frontrunners for the past 15 episodes, the 28-year-old breezed through to the final after weeks of showcasing her unique