By: Tsai Pei-chi and Lee Mei-yu
Taipei, Oct. 1 (CNA) The Supreme Court on Thursday sentenced Chao Yu-chu (趙玉柱), father of former President Chen Shui-bian’s (陳水扁) son-in-law Chao Chien-ming (趙建銘), to a jail term of one year and two months for embezzling NT$4.5 million (US$137,000) donated to the Taiwan Table Tennis Association.
Chao, the head of the association at the time, was accused of using the money donated by Eslite Book founder Robert Wu (吳清友) to speculate on the stock market.
Considering the legal case against Chao has languished for over eight years, the Supreme Court decided to reduce the 20-month penalty. Chao will have to serve a 14-month reduced sentence, which cannot be appealed. [FULL STORY]