The High Court today sentenced a former Financial Supervisory Commission (FSC) official to four years and five months in prison in connection with a stock-rigging case dating back two decades.
The ruling was handed down in the fifth retrial of Lee Chin-cheng (李進誠), who served as director-general of the FSC's Examination Bureau in 2005.
Photo: Wang Yi-sung, Taipei Times
The court reduced his sentence by one month from the previous ruling.
Lee must wear an electronic monitoring device until Aug. 5 next year, during which time he is required to take and submit facial photographs at regular intervals, the court said.
The ruling can be appealed, suggesting the prolonged legal battle may not yet be over.
Lee, a former prosecutor, was first sentenced to 10 years in prison in October 2005 by the Taipei District Court for contravening the Anti-Corruption Act (貪污治罪條例) in an insider trading case involving Power Quotient International shares.
He was found guilty of leaking details of a government investigation into the company to Lin Ming-da (林明達), who used the information to profit from trading Power Quotient stock.
Lee received his lightest sentence in September 2020, when the High Court reduced his jail term to six months, which could have been commuted to a fine at NT$900 per day.
That ruling was later overturned by the Supreme Court and sent back for retrial.
AGING: While Japan has 22 submarines, Taiwan only operates four, two of which were commissioned by the US in 1945 and 1946, and transferred to Taiwan in 1973 Taiwan would need at least 12 submarines to reach modern fleet capabilities, CSBC Corp, Taiwan chairman Chen Cheng-hung (陳政宏) said in an interview broadcast on Friday, citing a US assessment. CSBC is testing the nation’s first indigenous defense submarine, the Hai Kun (海鯤, Narwhal), which is scheduled to be delivered to the navy next month or in July. The Hai Kun has completed torpedo-firing tests and is scheduled to undergo overnight sea trials, Chen said on an SET TV military affairs program. Taiwan would require at least 12 submarines to establish a modern submarine force after assessing the nation’s operational environment and defense
A white king snake that frightened passengers and caused a stir on a Taipei MRT train on Friday evening has been claimed by its owner, who would be fined, Taipei Rapid Transit Corp (TRTC) said yesterday. A person on Threads posted that he thought he was lucky to find an empty row of seats on Friday after boarding a train on the Bannan (Blue) Line, only to spot a white snake with black stripes after sitting down. Startled, he jumped up, he wrote, describing the encounter as “terrifying.” “Taipei’s rat control plan: Release snakes on the metro,” one person wrote in reply, referring
The coast guard today said that it had disrupted "illegal" operations by a Chinese research ship in waters close to the nation and driven it away, part of what Taipei sees a provocative pattern of China's stepped up maritime activities. The coast guard said that it on Thursday last week detected the Chinese ship Tongji (同濟號), which was commissioned only last year, 29 nautical miles (54km) southeast of the southern tip of Taiwan, although just outside restricted waters. The ship was observed lowering ropes into the water, suspected to be the deployment of scientific instruments for "illegal" survey operations, and the coast
Taiwan’s two cases of hantavirus so far this year are on par with previous years’ case numbers, and the government is coordinating rat extermination work, so there should not be any outbreaks, Centers for Disease Control (CDC) Director-General Philip Lo (羅一鈞) said today in an interview with the Liberty Times (the Taipei Times’ sister newspaper). An increase in rat sightings in Taipei and New Taipei City has raised concerns about the spread of hantavirus, as rats can carry the disease. In January, a man in his 70s who lived in Taipei’s Daan District (大安) tested positive posthumously for hantavirus, Taiwan’s
RSS