Former CPC executive impeached

IRREGULARITIES::The Control Yuan said Yang Ching-hsi was negligent in following up on cases where bidding details may have been leaked by company personnel

By Shih Hsiu-chuan  /  Staff reporter

Tue, Jan 15, 2013 - Page 3

The Control Yuan yesterday impeached a former executive of the state-owned oil utility CPC Corp, Taiwan, for negligence in handling procurement and bidding projects.

Members of the Control Yuan voted 8-to-5 to impeach Yang Ching-hsi (楊敬熙), a former deputy general manager of CPC.

They referred the case to the Judicial Yuan’s Functionary Disciplinary Sanction Commission for discipline and forwarded their report to prosecutors for reference.

An investigation headed by Control Yuan member Cheng Jen-hung (程仁宏) found that Yang should bear responsibility for a number of suspected irregularities related to procurement and bidding cases because he was in charge of these matters.

The irregularities could be one reason why CPC has run a deficit over the years, instead of the Ministry of Economic Affairs’ claim that the losses came from the state-owned company having to follow government policies, such as a freeze on oil prices, Cheng said.

For example, in 2010, a certain company won a contract to supply materials to the CPC by offering a bid that was just NT$1,200 (US$41.3) lower than the floor price of NT$4.5 million, Cheng said.

“In this case, there could have been CPC personnel who leaked the floor price to bidders before bidding started. Yang did not take any action to investigate the irregularities,” he said.