Prosecutors yesterday indicted Hualien County Commissioner Fu Kun-chi and his chief secretary, Yen Hsin-chang (顏新章), on charges of tax evasion and perjury relating to a financial dispute over the Promised Land Resort & Lagoon project, in which Fu allegedly made a profit of more than NT$166.7 million (US$5.49 million).
Fu, an independent, is closely aligned with the Chinese Nationalist Party (KMT) and was a member of the People First Party from 2000 to 2007.
The Hualien District Prosecutors’ Office said that Fu and Yen used political pressure and threats to force Liang Ching-cheng (梁清政), the project’s original proprietor, to sell a 66.1-hectare plot of land in the county’s in Shoufong Township (壽豐) below its market price to Taipei-based Rong Liang Real Estate (榮亮實業), which in turn sold it to another property developer and made a profit of NT$166.7 million, Hualien County head prosecutor Kuo Yu-fang (郭瑜芳) said.
Photo: CNA
The real-estate company failed to report the actual amount of the transaction, and Fu and Yen made false statements to judicial officers investigating the case, Kuo said.
Prosecutors said that Fu is the real owner of Rong Liang Real Estate, which was founded in 2006, and his wife, KMT Legislator Hsu Chen-wei (徐榛蔚), previously served as company chairwoman.
The company’s initial capital came from Hsu’s family, along with financial backing from Fu.
“Fu was found to be the owner of Rong Liang Real Estate and the man who directed its business and made the major decisions. The company’s financial accounting and money transfers were directed by Fu or members of his family, while the paperwork was handled by Fu’s assistants and county government staff,” Kuo said.
“During the investigation, Fu gave false statements in an attempt to hide the fact that he is the company owner. During last year’s court hearing, Fu denied he was the owner of the company. Therefore, along with tax evasion charges, Fu is being indicted on perjury charges,” Kuo said.
As for charges Liang had filed, Hualien prosecutors in September last year dropped the corruption charges against Fu, citing insufficient evidence, but pressed tax evasion charges against Pao Kuang-ting (鮑廣廷), the man registered as the owner of Rong Liang Real Estate.
Liang filed an appeal, with the Hualien branch of the Taiwan High Prosecutors’ Office ordering Hualien district prosecutors to conduct another investigation, which resulted in yesterday’s indictments.
Fu called the charges “political persecution.”
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