Head of Taiwan’s Daily Air detained over fraud

Focus Taiwan
Date: 2018/06/21
By: Wang Yang-yu and Shih Hsiu-chuan

Taipei, June 21 (CNA) Kuo Tzu-hsing (郭自行), chairman of Daily Air Corporation, a

CNA file photo

domestic airline, was detained and held incommunicado Thursday for allegedly filing bogus company financial statements to fraudulently obtain government funding, Taipei prosecutors said Thursday.

According to Taipei District Prosecutors Office, the company has received up to NT$100 million (about US$3.3 million) since 2005, based on false accounting that took advantage of government subsidies paid to airlines flying between Taiwan proper and outlying islands.

Prosecutors said airline staff are suspected of using fake invoices and vouchers to boost the company’s losses and thereby enable it to claim more in subsidies from the government.    [FULL  STORY]

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