KAOHSIUNG PROSECUTION: A 30-year sentence is being sought for chairman Chen Ching-nan, while his wife and son could face 25 and 20 years respectively
Taipei Times
Date: Feb 13, 2018
By: Jonathan Chin / Staff writer, with CNA
The Kaohsiung District Prosecutors’ Office yesterday charged four Ching Fu
Chen Wei-chih, left, and his father, Ching Fu Shipbuilding Co president Chen Ching-nan, second right, are escorted in Taipei by officials from the Ministry of Justice’s Investigation Bureau in an undated photograph. Photo: CNA
Shipbuilding Co (慶富造船) executives and one consultant, including chairman Chen Ching-nan (陳慶男), with fraud, breach of trust and banking laws violations.
The prosecutors recommended a sentence of 30 years imprisonment, commutable to a NT$1 billion (US$34 million) fine, for Chen.
Unnamed parties in August last year formally accused Ching Fu of forging proof-of-material procurement documents to give the impression that the company was meeting the project milestones of its minesweeper contract with the Republic of China Navy.
Those complaints triggered an investigation by Kaohsiung prosecutors that led to the indictments. [FULL STORY]