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.