The appearance in court of KMT lawmaker Kuo Ting-tsai (
Kuo appeared in the Taiwan High Court's Kaohsiung branch to be tried on charges of abusing his position as a member of the Pingtung County Urban Planning Committee to facilitate the rezoning of park land for residential use between 1989 and 1992, allowing him and the owners of the land to reap huge profits.
Reporters were less interested in yesterday's case, which was in fact a retrial of a previous case ordered by the Supreme Court, than they were in the ongoing Tungkang Credit Cooperative (
Kuo, who is chairman of the cooperative in Pingtung County, has been charged with breach of trust and falsifying documents to cover up the embezzlement of NT$2.3 billion.
He and the co-op's director are suspected of defrauding depositors by instructing employees to doctor account books and falsify certificates of deposit, according to sources.
After weeks hiding from investigators, Kuo finally turned up last Thursday under the protection of legislative immunity, which started with the commencement of the current legislative session at midnight last Tuesday.
Since reporters had not had a chance to question Kuo about the Tungkang case, they crowded about him as he came out of the court.
Kuo refused to answer any questions and punched at reporters on his way out of the court. Kuo knocked down two photographers, sending their equipment scattering to the ground.
Kuo has denied any wrongdoing in the Tungkang embezzlement scandal, saying he concentrated his time and energy on legislative work and spared little time for the cooperative's business affairs.
News of the scandal in July initiated a bank run on the co-op, as depositors rushed to withdraw more than NT$400 million in two days.
Last week, the island's law enforcement officials drew fire for their tardiness in bringing Kuo to justice. On the second day of the new legislative session, Kuo showed up at the legislature, claiming he had not been hiding from investigators, but had been ill for a while.
Yesterday's case was a retrial of a case heard by the High Court in 1997, for which Kuo received a six-year prison sentence. The Supreme Court ordered a retrial of the case, since the bribery charge on which Kuo was convicted was not actually part of the indictment against him.
Yesterday's trial session focused on the questions of whether Kuo had used the rezoning project to his own financial advantage by rezoning the land.
Kuo is alleged to have made a fortune for himself and owners of the land, who had purchased half of it before the rezoning project passed.
The High Court is scheduled to deliver its decision on the rezoning corruption case on Sept. 21.
The Ministry of Transportation and Communications yesterday inaugurated the Danjiang Bridge across the Tamsui River in New Taipei City, saying that the structure would be an architectural icon and traffic artery for Taiwan. Feted as a major engineering achievement, the Danjiang Bridge is 920m long, 211m tall at the top of its pylon, and is the longest single-pylon asymmetric cable-stayed bridge in the world, the government’s Web site for the structure said. It was designed by late Iraqi-British architect Zaha Hadid. The structure, with a maximum deck of 70m, accommodates road and light rail traffic, and affords a 200m navigation channel for boats,
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest foundry service provider, yesterday said that global semiconductor revenue is projected to hit US$1.5 trillion in 2030, after the figure exceeds US$1 trillion this year, as artificial intelligence (AI) demand boosts consumption of token and compute power. “We are still at the beginning of the AI revolution, but we already see a significant impact across the whole semiconductor ecosystem,” TSMC deputy cochief operating officer Kevin Zhang (張曉強) said at the company’s annual technology symposium in Hsinchu City. “It is fair to say that in the past decade, smartphones and other mobile devices were
US-CHINA SUMMIT: MOFA welcomed US reassurance of no change in its Taiwan policy; Trump said he did not comment when Xi talked of opposing independence US President Donald Trump yesterday said he has not made a decision on whether to move forward with a major arms package for Taiwan after hearing concerns about it from Chinese President Xi Jinping (習近平). Trump’s comments on Taiwan came as he flew back to Washington after wrapping up critical talks in which both leaders said important progress was made in stabilizing US-China relations even as deep differences persist between the world’s two biggest powers on Iran and Taiwan. “I will make a determination,” Trump said, adding: “I’ll be making decisions. But, you know, I think the last thing we need right
TAIWAN ISSUE: US treasury secretary Scott Bessent said on the first day of meetings that ‘it wouldn’t be a US-China summit without the Taiwan issue coming up’ There were no surprises on the first day of the summit between US President Donald Trump and Chinese President Xi Jinping (習近平), the Mainland Affairs Council (MAC) said yesterday, as the government reiterated that cross-strait stability is crucial to the Asia-Pacific region, as well as the world. As the two presidents met for a highly anticipated summit yesterday, Chinese state media reported that Xi warned Trump that missteps regarding Taiwan could push their two countries into “conflict.” Trump arrived in China with accolades for his host, calling Xi a “great leader” and “friend,” and extending an invitation to visit the White House