President Chen Shui-bian's (
Chao said that his mother, Chien Shui-mien (
"It is a simple act of investment, nothing else," Chao told reporters outside his house. "Nobody except a court of law could decide that this was an incidence of insider trading, and I believe the court will prove our innocence."
PHOTO: CHEN TSE-MING, TAIPEI TIMES
However, in a bid to allay public suspicion, Chao said that his family decided to contribute part of the profits they made from trading in TDC stocks. He did not, however, specify how much his family would donate, nor whom the recipient would be.
Chao admitted he had lunch with Tsai, TDC chairman Su Teh-jien (
Chinese Nationalist Party (KMT) Legislator Chiu Yi (
Chung Hwa Bank confirmed on Monday that Tsai visited the bank on July 22 last year to discuss the purchase of TDC stock. Tsai yesterday complied with a summons from the Taipei Prosecutors' Office.
Chao's father Chao Yu-chu (
In a bid to elude members of the media who were following his vehicle, Chao Yu-chu yesterday drove for half an hour, ignored a red traffic light and at one point, in the wrong direction for the lane in which he was traveling. He was finally forced to stop at a dead-end. When approached by the media, he covered his face with a towel and called his friends for help. Two friends arrived about 10 minutes later and guided him out of the alley.
Taipei District Prosecutors' Office spokesman Lin Pang-liang (
Lin said Chang and Chen are witnesses in the investigation.
The questioning was still proceeding at press time.
Additional reporting by Rich Chang
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