Legislator Chiu Chuang-liang (邱創良) yesterday accused four senior Ministry of Finance (財政部) officials of being the "black hands" behind recent bank-run incidents, the victims of which include the Bank of Overseas Chinese (華僑銀行).
According to Chiu, deputy finance minister Yen Ching-chang (顏慶章) topped the list. In addition, Chiu pointed the finger at Deputy Minister of Finance Wang Yaw-shing (王耀興), Deputy Director General of the Bureau of Monetary Affairs Tzeng Gwo-lieh (曾國烈), and Lin Tzong-yeong (林宗勇), chairman of the Securities and Futures Commission (證期會).
Minister of Finance Shea Jia-dong (許嘉棟) has requested that ministry officials avoid prematurely discussing the ministry's policies.
This is the second accusation against finance ministry officials by legislators over the past week.
Just last week another legislator accused one of the three deputy finance ministers of being the "black hand" behind the Bank of Overseas Chinese bank-run incident.
Yen Ching-chang immediately rebuffed the accusation.
The performance of finance ministry officials, left over from the previous KMT administration, was strongly criticized in the Legislative Yuan yesterday.
"The bank-run incidents -- including Bank of Overseas Chinese, Taiwan Development Trust Company (台開信託) and Chung Shing Commercial Bank (中興銀行) -- have all been triggered by certain finance ministry officials who have disclosed inside information to the local media ... [setting up] the finance ministry to launch takeover action against these financial institutions," Chiu said.
"The performance of these officials has disgraced former Finance Minister Paul Chiu (
"With the new administration there should be a new climate. As a representative of both Chen Shui-bian (
Shea Jia-dong also disclosed his decision on the finance ministry's future media policy.
"Whether any [improper] information has been revealed to the press by finance ministry officials in the past, I am not clear on the issue," Shea said.
"But since taking over the post, I have repeatedly told the ministry's staff not to disclose policy that is still under discussion."
Shea made the comments during a morning meeting held last Saturday.
He has forbidden ministry officials from making any public announcement on policies that are still under discussion and not formally finalized, or before the policies get final approval from the Executive Yuan.
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