Former Central Motion Pictures Corp (CMPC) president Alex Tsai (蔡正元) — found guilty of pocketing NT$170 million (US$5.2 million) of the company’s money — has been ordered to pay it back, a Supreme Court statement said yesterday.
Central Investment Holding Co, one of the main enterprises owned by the Chinese Nationalist Party (KMT), previously owned 82.56 percent of CMPC’s shares.
CMPC — initially sold to Jung-li Investment Co in late 2005 — was jointly acquired by Apollo using funds supplied by Tsai, former CMPC vice president Chuang Wan-chun and Cheng Uei Precision Industry Co chairman Gou Tai-chiang’s (郭台強) wife, Lor Yu-chen (羅玉珍), in 2006.
Chuang accused Tsai of manipulating the company and stealing her shares — valued at NT$1.2 billion — while Tsai accused Chuang of pocketing NT$750 million of Apollo Co’s funds.
Tsai, who is a former Chinese Nationalist Party (KMT) Legislator, said he managed to “fill” a hole left by Chuang by convening a temporary meeting with CMPC shareholders in July 2006, in which he persuaded shareholders to authorize the board to apply for a capital reduction of NT$1.5 billion, of which Apollo received NT$580 million in September 2006.
Gou Tai-chiang filed an appeal in 2009 against Tsai and asked for the return of NT$580 million by Apollo after he bought CMPC for NT$3.1 billion in 2006 and discovered that the Ministry of Economic Affairs had refused Apollo’s application for a capital reduction.
Gou accused Tsai of benefiting himself after setting up a trust fund in his name for capital reduction funds.
While the first trial ruled that Tsai did not have to pay back the funds, a second trial ordered him to pay CMPC NT$170 million.
The Supreme Court yesterday upheld the second ruling. The ruling is final.
EVA Airways today confirmed the death of a flight attendant on Saturday upon their return to Taiwan and said an internal investigation has been launched, as criticism mounted over a social media post accusing the airline of failing to offer sufficient employee protections. According to the post, the flight attendant complained of feeling sick on board a flight, but was unable to take sick leave or access medical care. The crew member allegedly did not receive assistance from the chief purser, who failed to heed their requests for medical attention or call an ambulance once the flight landed, the post said. As sick
A drunk woman was sexually assaulted inside a crowded concourse of Taipei Railway Station on Thursday last week before a foreign tourist notified police, leading to calls for better education on bystander intervention and review of security infrastructure. The man, surnamed Chiu (邱), was taken into custody on charges of sexual assault, taking advantage of the woman’s condition and public indecency. Police discovered that Chiu was a fugitive with prior convictions for vehicle theft. He has been taken into custody and is to complete his unserved six-month sentence, police said. On Thursday last week, Chiu was seen wearing a white
The Taichung District Court yesterday confirmed its final ruling that the marriage between teenage heir Lai (賴) and a man surnamed Hsia (夏) was legally invalid, preventing Hsia from inheriting Lai’s NT$500 million (US$16.37 million) estate. The court confirmed that Hsia chose not to appeal the civil judgement after the court handed down its ruling in June, making the decision final. In the June ruling, the court said that Lai, 18, and Hsia, 26, showed “no mutual admiration before the marriage” and that their interactions were “distant and unfamiliar.” The judge concluded that the couple lacked the “true intention of
EVA Airways, one of the leading international carriers in Taiwan, yesterday said that it was investigating reports that a cabin crew manager had ignored the condition of a sick flight attendant, who died on Saturday. The airline made the statement in response to a post circulating on social media that said that the flight attendant on an outbound flight was feeling sick and notified the cabin crew manager. Although the flight attendant grew increasingly ill on the return flight, the manager did not contact Medlink — a system that connects the aircraft to doctors on the ground for treatment advice during medical
RSS