The National Police Administration (警政署) launched a special investigation into TAIEX- and TAISDAQ-listed companies on Thursday, in a bid to help eradicate the influence of "black gold" politics on the stock market.
According to regulations laid down by the Ministry of Finance's Securities and Exchange Commission (
An official from the police administration told local media that it had issued a directive on Thursday asking police units around the country to take the initiative in investigating listed companies and to monitor their stockholders' meetings for signs of the involvement of organized crime.
According to the Seventh Investigation Corp of the Criminal Investigation Bureau, (
According to the bureau, some gangsters paid money to shareholders to obtain their power of attorney, enabling the gangsters to amass proxy votes, attend stockholders' meetings and manipulate the outcome.
In the past, gangsters have used such meetings to facilitate gaining places on boards of directors, and control of those companies, the bureau said.
Taiwan’s Lee Chia-hao (李佳豪) on Sunday won a silver medal at the All England Open Badminton Championships in Birmingham, England, a career best. Lee, 25, took silver in the final of the men’s singles against world No. 1 Shi Yuqi (石宇奇) of China, who won 21-17, 21-19 in a tough match that lasted 51 minutes. After the match, the Taiwanese player, who ranks No. 22 in the world, said it felt unreal to be challenging an opponent of Shi’s caliber. “I had to be in peak form, and constantly switch my rhythm and tactics in order to score points effectively,” he said. Lee got
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