The Standard
Date: 30 Jul 2020
Far Eastern Air Transport Corp chairman Chang Kang-wei
According to the Taipei District Prosecutors Office indictment, Chang took over the management of FAT in 2009 after the carrier announced bankruptcy a year earlier, by producing falsified financial statements of his own Huafu Group.
After taking control of the airline, between 2015 and 2016, Chang channeled NT$1.36 billion of FAT revenue to Huafu, which was short of funds, according to the indictment.
In addition, Chang was also found to have transferred NT$2 billion worth of debt owed by Huafu to the airline. [FULL STORY]
