The accuracy of the fax sent on Monday by the former chairman of the Tuntex Group, Chen Yu-hao (
"Chen Yu-hao's assertion that he offered a political donation to President Chen Shui-bian (
Chen Yu-hao has been mired in a scandal related to the development of his business in China. He has been accused of embezzling about NT$800 million from a Tuntex Group subsidiary, Tunghua Development, for investment in China and was indicted on charges of breach of trust in 2002.
Chen Yu-hao reportedly fled to China in August of that year.
"We learned from other Taiw-anese businessmen stationed in China that the tycoon was forced to fax the letters under pressure from the Chinese government, because his businesses in China had come to a dead end," Tsai told a press conference yesterday morning.
The Taiwanese businessmen said that Chen Yu-hao's investments in China had been frozen. Furthermore, Chen Yu-hao could not easily return to Taiwan, having debts of over NT$6 million in his homeland, he said.
"The Chinese government is therefore using him as a tool to influence Taiwan's presidential election," Tsai told reporters.
Besides vowing to bring Chen Yu-hao to justice, Tsai and his DPP colleague Chang Ching-fang (張清芳) also urged Chinese Nationalist Party (KMT) Chairman Lien Chan (連戰) to publicly account for how he would cope with former friends and subordinates on the 10 most-wanted fugitives list created by the Executive Yaun.
Lien should elaborate on whether or not he would pardon two former subordinates -- the ex-president of Central Broadcasting System Gloria Chu (朱婉清) and former Legislator Wu Tzer-yuan (伍澤元) -- after his election, Chang said.
Taiwan has received more than US$70 million in royalties as of the end of last year from developing the F-16V jet as countries worldwide purchase or upgrade to this popular model, government and military officials said on Saturday. Taiwan funded the development of the F-16V jet and ended up the sole investor as other countries withdrew from the program. Now the F-16V is increasingly popular and countries must pay Taiwan a percentage in royalties when they purchase new F-16V aircraft or upgrade older F-16 models. The next five years are expected to be the peak for these royalties, with Taiwan potentially earning
STAY IN YOUR LANE: As the US and Israel attack Iran, the ministry has warned China not to overstep by including Taiwanese citizens in its evacuation orders The Ministry of Foreign Affairs (MOFA) yesterday rebuked a statement by China’s embassy in Israel that it would evacuate Taiwanese holders of Chinese travel documents from Israel amid the latter’s escalating conflict with Iran. Tensions have risen across the Middle East in the wake of US and Israeli airstrikes on Iran beginning Saturday. China subsequently issued an evacuation notice for its citizens. In a news release, the Chinese embassy in Israel said holders of “Taiwan compatriot permits (台胞證)” issued to Taiwanese nationals by Chinese authorities for travel to China — could register for evacuation to Egypt. In Taipei, the ministry yesterday said Taiwan
Taiwan is awaiting official notification from the US regarding the status of the Agreement on Reciprocal Trade (ART) after the US Supreme Court ruled US President Donald Trump's global tariffs unconstitutional. Speaking to reporters before a legislative hearing today, Premier Cho Jung-tai (卓榮泰) said that Taiwan's negotiation team remains focused on ensuring that the bilateral trade deal remains intact despite the legal challenge to Trump's tariff policy. "The US has pledged to notify its trade partners once the subsequent administrative and legal processes are finalized, and that certainly includes Taiwan," Cho said when asked about opposition parties’ doubts that the ART was
If China chose to invade Taiwan tomorrow, it would only have to sever three undersea fiber-optic cable clusters to cause a data blackout, Jason Hsu (許毓仁), a senior fellow at the Hudson Institute and former Chinese Nationalist Party (KMT) legislator, told a US security panel yesterday. In a Taiwan contingency, cable disruption would be one of the earliest preinvasion actions and the signal that escalation had begun, he said, adding that Taiwan’s current cable repair capabilities are insufficient. The US-China Economic and Security Review Commission (USCC) yesterday held a hearing on US-China Competition Under the Sea, with Hsu speaking on
RSS