The chairman of Well Phone Securities Co Ltd (
The Chinese-language media reported yesterday that Well Phone Chairman Chen Chien-chi (陳謙吉) had reportedly embezzled over NT$70 million and was the target of an application filed by the Securities and Futures Commission to bar him from leaving the country.
According to the Taipei branch of the Investigation Bureau, Chen slipped out of Taiwan bound for Hong Kong on Sunday, one day before the commission applied for the travel restriction.
Chen's wife, surnamed Shih, was detained by bureau officials at CKS airport Monday morning as she was attempting to leave Taiwan, the reports said.
Sun Ming-yu (
The lawyer also said that Well Phone's stock settlement and margin financing operations will immediately be transferred to Taiwan Securities Corp (
Sun, however, denied any knowledge of reports that over 20 senior legislative, government and judicial officials -- including legislative speaker Wang Jin-pyng (
Well Phone, one of the 24 brokerages established in 1962, had announced the previous day that it was filing for bankruptcy.
Vice Minister of Finance Sean Chen (
According to Ding Ke-hwa (丁克華), vice chairman of the Securities and Futures Commission, the firm has admitted to covering up debt figures. The commission learned that NT$1.85 billion in loans did not show up in the its financial reports.
The investigation is ongoing, he added.
GAINING STEAM: The scheme initially failed to gather much attention, with only 188 cards issued in its first year, but gained popularity amid the COVID-19 pandemic Applications for the Employment Gold Card have increased in the past few years, with the card having been issued to a total of 13,191 people from 101 countries since its introduction in 2018, the National Development Council (NDC) said yesterday. Those who have received the card have included celebrities, such as former NBA star Dwight Howard and Australian-South Korean cheerleader Dahye Lee, the NDC said. The four-in-one Employment Gold Card combines a work permit, resident visa, Alien Resident Certificate (ARC) and re-entry permit. It was first introduced in February 2018 through the Act Governing Recruitment and Employment of Foreign Professionals (外國專業人才延攬及雇用法),
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