Taipei prosecutors yesterday indicted Tung Ching-yun (
Tung and former Pacific Electric executive director Chen Kwang-lung (
Prosecutors accused Tung and Chen of embezzling a total of NT$54 million (US$1.6 million) from Pacific Electric in 2002 through fake business transactions.
The pair is also suspected of embezzling NT$20 million from a Pacific Electric subsidiary in 2003, prosecutors said, adding that these actions resulted in the collapse of the company.
Tung was first indicted in December 2004, along with Mosel Vitelic Inc (
Tung is suspected of making NT$700 million through share price manipulation.
Prosecutors indicted Tung in 2004 for fraud, breach of trust and violations of the Securities and Exchange Law (
Taipei prosecutors yesterday said that Tung's new indictment would be combined with his first charge.
SHORT-TERM OUTLOOK: The Chinese military would most likely focus on rebuilding its organization and leadership in the next few years, experts said Chinese President Xi Jinping’s (習近平) military purge has reduced the risks of a planned war against Taiwan, yet increased the danger of a conflict sparked by a miscalculation or accident, Taiwanese experts said yesterday. They made the comments at a seminar on the Fifth Plenary Session of the Chinese Communist Party’s (CCP) 20th Central Committee held by the research group Secure Taiwan Associate Corp (STA) in Taipei. The wholesale sacking of Chinese People’s Liberation Army (PLA) officers and managers of the aerospace and defense industry is sure to set back Xi’s timetable to prepare the PLA to launch an invasion of Taiwan
BATTLE-TESTED: Czech companies’ drones, software and navigation systems have been tested in the Ukraine war, while other countries’ are lab-tested, a Czech ex-official said Czech manufacturers are interested in setting up drone assembly lines in Taiwan, former Czech Chamber of Deputies president Marketa Pekarova Adamova told a forum in Taipei yesterday. Adamova made the comments at the inauguration of the Global UAV Academy, an organization dedicated to international cooperation in drone supply chains, technological certification and pilot training. The Research Institute for Democracy, Society and Emerging Technology said the Czech Republic is the largest importer of Taiwanese drones and uncrewed aerial vehicle (UAV) components. Adamova, who transitioned to the defense industry after retiring from politics, said the Roman adage “si vis pacem, para bellum” — “If you
STAY VIGILANT: An aircraft carrier and battle group were located to the east of the Philippines, while other ships were identified off the east and southeast coast of Taiwan China has more than 50 naval and other official vessels operating in a wide swath of sea stretching from southern Japan down to Taiwan and off the Philippines, National Security Council Secretary-General Joseph Wu (吳釗燮) said on Wednesday, calling the threat level “obvious.” Taiwan is stepping up efforts to issue details and maps depicting locations where Chinese warships and coast guard vessels operate. “We are staying vigilant about their activities,” Wu said. “The simultaneous threat to Taiwan, Japan and the Philippines is obvious.” The remarks accompanied a map he posted on X showing the locations of 53 ships, 34 of them navy warships,
WORRIES PILE UP: The planned extension would generate nearly 10 million cubic meters of excavated soil, the disposal of which has not been explained, a former EPA official said Yilan County residents, backed by civic groups, on Wednesday filed an administrative lawsuit to overturn the environmental impact assessment (EIA) approval for the Yilan-bound high-speed rail (HSR) extension. They filed the lawsuit after the Executive Yuan on Sept. 11 rejected an administrative appeal. Former Environmental Protection Administration (EPA) deputy minister and lawyer Thomas Chan (詹順貴) said the project’s EIA review was one of the hastiest he had ever seen during his 30-year career in environmental law. Construction of the line would generate nearly 10 million cubic meters of excavated earth and rock, the disposal of which has not yet been explained to the
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