Former Financial Supervisory Commission (FSC) spokesman Lin Chung-cheng (
Lin was found guilty of accepting bribes and illegally lobbying for several companies, including China Development Financial Holding Corp (中華開發金控) during its hostile takeover bid for Taiwan International Securities Corp (金鼎證券公司).
The ruling said Lin accepted bribes in return for insider stock market information to which he had access as a FSC official.
Lin and his secretary, Su Jun-ji (蘇俊吉), accepted money, valuable gifts and a cabin in Sijhih (
Su and Tsuei Mei-lan (崔梅蘭), an official from China Development Financial, were also charged with corruption and offenses relating to the protection of trade secrets.
Su, who became a witness for the prosecution, was sentenced to two years, but because he received probation he will not serve time. Tsuei was sentenced to 15 months in jail. Both Lin and Tsuei can appeal with the Taiwan High Court, the district court said yesterday.
Lin Chung-cheng, 52, resigned from the FSC last month following a court order to detain him. Before joining the FSC in March 2005, Lin was a Democratic Progressive Party legislator.
DETERRENCE: With 1,000 indigenous Hsiung Feng II and III missiles and 400 Harpoon missiles, the nation would boast the highest anti-ship missile density in the world With Taiwan wrapping up mass production of Hsiung Feng II and III missiles by December and an influx of Harpoon missiles from the US, Taiwan would have the highest density of anti-ship missiles in the world, a source said yesterday. Taiwan is to wrap up mass production of the indigenous anti-ship missiles by the end of year, as the Chungshan Institute of Science and Technology has been meeting production targets ahead of schedule, a defense official with knowledge of the matter said. Combined with the 400 Harpoon anti-ship missiles Taiwan expects to receive from the US by 2028, the nation would have
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