The Taipei District Prosecutors' Office appears set to begin summoning officials from the finance ministry today for questioning over allegations of financial impropriety against independent presidential candidate James Soong (
The prosecutors' office is also likely to summon Soong himself, as well as his financial advisor, Chen Pi-yun (
KMT legislator Yang Chi-hsiung (
Yang has filed charges of tax evasion against Soong.
The case against Soong involves funds totalling more than NT$1 billion that were deposited in accounts belonging to his relatives, including his son, sister-in-law and her son, which Soong has since claimed were intended to be used to care for relatives of the late president Chiang Ching-kuo (蔣經國) as well as "party business."
Officials at the prosecutors' office said they had decided to begin the interrogatory sessions rather than waiting for further documents from the finance ministry.
The prosecutors' office will ask the ministry to supply additional information to clarify some points in its report.
The finance ministry has submitted a report on the Soong scandal to the prosecutors' office, but it does not include certain key evidence, including information on the seal Soong used for the "KMT secretary-general's account" he opened privately in the early 1990s.
At KMT headquarters, meanwhile, officials continued to attack Soong yesterday, saying he still has not clarified the origin and final destination of funds in the KMT secretary-general's account. The officials also asked him to disclose exactly how much money he actually remitted to the US between October and November, 1998, during the timethe provincial government was downsized.
Meanwhile, reports continues to emerge about so-called "donors" to party political funds.
The Chinese-language press reported yesterday that in December 1992, in the run up to the legislative elections, Soong received a check for NT$30 million without a designated payee from the local construction tycoon Liang Po-hsun (
Soong immediately put the donation into his KMT secretary-general's account, the report said.
The money was withdrawn from that account in early 1993 and used to buy securities at the Chunghsing Bills Finance Corp, the report said.
As the amount of Liang's donation was ten times the legal ceiling for corporate donations to political parties, investigative authorities are probing possible tax evasion and misappropriation by Soong, the report said.
NEXT GENERATION: The four plants in the Central Taiwan Science Park, designated Fab 25, would consist of four 1.4-nanometer wafer manufacturing plants, TSMC said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) plans to begin construction of four new plants later this year, with the aim to officially launch production of 2-nanometer semiconductor wafers by late 2028, Central Taiwan Science Park Bureau director-general Hsu Maw-shin (許茂新) said. Hsu made the announcement at an event on Friday evening celebrating the Central Taiwan Science Park’s 22nd anniversary. The second phase of the park’s expansion would commence with the initial construction of water detention ponds and other structures aimed at soil and water conservation, Hsu said. TSMC has officially leased the land, with the Central Taiwan Science Park having handed over the
The Philippines is working behind the scenes to enhance its defensive cooperation with Taiwan, the Washington Post said in a report published on Monday. “It would be hiding from the obvious to say that Taiwan’s security will not affect us,” Philippine Secretary of National Defense Gilbert Teodoro Jr told the paper in an interview on Thursday last week. Although there has been no formal change to the Philippines’ diplomatic stance on recognizing Taiwan, Manila is increasingly concerned about Chinese encroachment in the South China Sea, the report said. The number of Chinese vessels in the seas around the Philippines, as well as Chinese
AUKUS: The Australian Ambassador to the US said his country is working with the Pentagon and he is confident that submarine issues will be resolved Australian Ambassador to the US Kevin Rudd on Friday said that if Taiwan were to fall to China’s occupation, it would unleash China’s military capacities and capabilities more broadly. He also said his country is working with the Pentagon on the US Department of Defense’s review of the AUKUS submarine project and is confident that all issues raised will be resolved. Rudd, who served as Australian prime minister from 2007 to 2010 and for three months in 2013, made the remarks at the Aspen Security Forum in Colorado and stressed the longstanding US-Australia alliance and his close relationship with the US Undersecretary
‘WORLD WAR III’: Republican Representative Marjorie Taylor Greene said the aid would inflame tensions, but her amendment was rejected 421 votes against six The US House of Representatives on Friday passed the Department of Defense Appropriations Act for fiscal 2026, which includes US$500 million for Taiwan. The bill, which totals US$831.5 billion in discretionary spending, passed in a 221-209 vote. According to the bill, the funds for Taiwan would be administered by the US Defense Security Cooperation Agency and would remain available through Sept. 30, 2027, for the Taiwan Security Cooperation Initiative. The legislation authorizes the US Secretary of Defense, with the agreement of the US Secretary of State, to use the funds to assist Taiwan in procuring defense articles and services, and military training. Republican Representative