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.
Fast food chain McDonald's is to raise prices by up to NT$5 on some products at its restaurants across Taiwan, starting on Wednesday next week, the company announced today. The prices of all extra value meals and sharing boxes are to increase by NT$5, while breakfast combos and creamy corn soup would go up by NT$3, the company said in a statement. The price of the main items of those meals, if ordered individually, would remain the same. Meanwhile, the price of a medium-sized lemon iced tea and hot cappuccino would rise by NT$3, extra dipping sauces for chicken nuggets would go up
Nvidia Corp CEO Jensen Huang (黃仁勳) arrived in Taiwan yesterday ahead of upcoming AI and technology events, saying he plans to meet with clients and Taiwan Semiconductor Manufacturing Co Chairman C.C. Wei (魏哲家) during his visit. After landing at Taipei Songshan Airport, Huang posed for photos with fans and handed out Yakult drinks to reporters and supporters waiting at the scene, saying he has “a lot to do” during the trip. Asked about reports that Nvidia’s planned headquarters site in Taipei’s Beitou Shilin Technology Park could break ground on May 27, Huang said that if the company holds an event, he would
FUKUOKA SITUATION: Japanese media reported that the pathogen is expected to be identified by the summer, while the CDC downplayed the idea that it was hMPV A “mysterious cold-like illness” reported in Japan’s Fukuoka Prefecture does not seem to be a new disease, but Japanese authorities have been asked about the situation, the Centers for Disease Control (CDC) said yesterday. The Fukuoka Prefectural Medical Association on Wednesday told a news conference that a “mystery cold” that has become a hot topic on social media is “highly likely to be caused by some kind of viral infection,” Japan’s KBC News reported. “Many people are experiencing symptoms starting with a sore throat, followed by a runny nose, phlegm and a severe cough,” KBC News reported, citing association officials. Health authorities are
Carrefour Taiwan is to begin using a new name from the start of July, but it cannot divulge the name until then, the chairman of the supermarket chain's parent company said today. President Chain Store Co chairman Lo Chih-hsien (羅智先) was asked by reporters after a shareholders' meeting to confirm whether the company has settled on a new name for the supermarket brand. In March, the government-registered name of two Carrefour Taiwan branches was quietly changed to "Le Chia Kang" (樂家康) in Chinese, raising speculation that has been selected as the name. Lo said that because of local regulations and contractual obligations, the
RSS