The Ma Ying-jeou Foundation’s board of directors yesterday authorized a probe into alleged financial misconduct by former CEO Hsiao Hsu-tsen (蕭旭岑) and former deputy CEO Wang Kuang-tzu (王光慈).
The meeting came amid speculations that accusations of financial malfeasance were a pretext for an internal power struggle.
The alleged strife has attracted attention, partly because Hsiao is the Chinese Nationalist Party’s (KMT) deputy chairman.
Photo: Tien Yu-hua, Taipei Times
Hsiao, formerly Presidential Office deputy secretary-general during then-president Ma Ying-jeou’s (馬英九) time in office, had been the CEO at Ma’s foundation until last month.
Acting CEO Tai Hsia-ling (戴遐齡), who headed the proceedings against the former officials, presented materials that she said linked Hsiao and Wang to “breaches of fiduciary discipline.”
The board voted to launch an investigation into the allegations, which would be conducted by board members Hsueh Hsiang-chuan (薛香川), Yiin Chii-ming (尹啟銘) and Lee De-wei (李德維).
The group is expected to present its findings to the board in the coming days, the board said.
Ma had announced Hsiao’s and Wang’s departure from his foundation on social media, accusing them of financial improprieties.
Mirror Media cited an anonymous source as saying that Ma moved against the two after discovering that they were engaged in improper activities in China.
Hsiao said he was innocent, but would limit his comments to avoid harming the reputation of the KMT and Chairwoman Cheng Li-wun (鄭麗文).
He implied that Ma’s memory was failing and said that the former president has “forgotten many things,” including authorizing him on multiple occasions to conduct affairs in China.
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