Taipei Prosecutors yesterday indicted Chinese Nationalist Party (KMT) Legislator Ho Chih-hui (
Indicted along with Ho, for infractions against the Securities Transaction Law (
Prosecutors suggested a sentence of four years and six months for Ong Da-ming and a three-year sentence for his brother.
Chen Hung-ta (陳宏達), Taipei District Prosecutors' Office spokesman, said that prosecutors began their investigation into the case in October. Chen said that Ho never responded to summonses that were issued to him and that he left Taiwan a few weeks after prosecutors began their investigation.
"He will be declared a fugitive soon if he does not come back," Chen said.
Prosecutors say Ong Da-ming has been traveling between China, Korea and Japan since October.
According to the indictment, Ho in 1995 took advantage of his position as Miaoli County commissioner to gain a loan for which he was not qualified, filing a financing application with Hsinchu Commercial Bank in order to gain funds for his wife, who was campaigning for a spot in the legislature. The bank allegedly provided him NT$300 million (US$9.09 million) despite his lack of creditworthiness, violating the Securities Transaction Law.
The indictment also alleges that in 1997 Ho, as commissioner, exerted illegal pressure on his subordinates to approve a construction proposal submitted by Chiuchun Development Co. The company had failed to provide a complete environmental protection plan for its construction project. Prosecutors say that Ho received a bribe of NT$320 million from the company in exchange for his help in getting the proposal approved.
In 1999, Ho allegedly trafficked in his political power to again gain illegal financing, this time in the form of a NT$200 million loan from Kuo Hua.
A magnitude 6.4 earthquake struck off the coast of Hualien County in eastern Taiwan at 7pm yesterday, the Central Weather Administration (CWA) said. The epicenter of the temblor was at sea, about 69.9km south of Hualien County Hall, at a depth of 30.9km, it said. There were no immediate reports of damage resulting from the quake. The earthquake’s intensity, which gauges the actual effect of a temblor, was highest in Taitung County’s Changbin Township (長濱), where it measured 5 on Taiwan’s seven-tier intensity scale. The quake also measured an intensity of 4 in Hualien, Nantou, Chiayi, Yunlin, Changhua and Miaoli counties, as well as
Taiwan is to have nine extended holidays next year, led by a nine-day Lunar New Year break, the Cabinet announced yesterday. The nine-day Lunar New Year holiday next year matches the length of this year’s holiday, which featured six extended holidays. The increase in extended holidays is due to the Act on the Implementation of Commemorative and Festival Holidays (紀念日及節日實施條例), which was passed early last month with support from the opposition Chinese Nationalist Party (KMT) and Taiwan People’s Party. Under the new act, the day before Lunar New Year’s Eve is also a national holiday, and Labor Day would no longer be limited
COMMITMENTS: The company had a relatively low renewable ratio at 56 percent and did not have any goal to achieve 100 percent renewable energy, the report said Pegatron Corp ranked the lowest among five major final assembly suppliers in progressing toward Apple Inc’s commitment to be 100 percent carbon neutral by 2030, a Greenpeace East Asia report said yesterday. While Apple has set the goal of using 100 percent renewable energy across its entire business, supply chain and product lifecycle by 2030, carbon emissions from electronics manufacturing are rising globally due to increased energy consumption, it said. Given that carbon emissions from its supply chain accounted for more than half of its total emissions last year, Greenpeace East Asia evaluated the green transition performance of Apple’s five largest final
Taiwan is to extend its visa-waiver program for Philippine passport holders for another year, starting on Aug. 1, Minister of Foreign Affairs Lin Chia-lung (林佳龍) said on Friday. Lin made the announcement during a reception in Taipei marking the 127th anniversary of Philippine independence and the 50th anniversary of the establishment of the Manila Economic and Cultural Office (MECO) in Taiwan, the Ministry of Foreign Affairs said. The decision reflected Taiwan’s commitment to deepening exchanges with the Philippines, the statement cited Lin as saying, adding that it was a key partner under the New Southbound Policy launched in 2016. Lin also expressed hope
RSS