2015 DOCUMENTS:Huang Kuo-chang quizzed the heads of the Financial Supervisory Commission and Ministry of Finance about papers related to bank loans for the firm
Taipei Times
Date: Nov 03, 2017
By: Wu Chia-jung, Shih Hsiao-kuang and Jonathan Chin / Staff reporters, with staff writer
The government must publish documents then-president Ma Ying-Jeou (馬英九) filed in
Former president Ma Ying-jeou attends the closing ceremony of the Annual Global Views Leaders Forum in Taipei last night. Photo: Huang Yao-cheng, Taipei Times
2015 in connection to the Ching Fu Shipbuilding Co’s loans, New Power Party (NPP) Executive Chairman Huang Kuo-chang (黃國昌) said yesterday morning.
The company, which won a contract to build minesweepers for the navy, is being investigated by the Kaohsiung District Prosecutors’ Office amid allegations of fraudulent borrowing.
An investigation report issued yesterday by the Executive Yuan said that the Ministry of National Defense and state-run First Commercial Bank were negligent in rewarding the NT$35.8 billion (US$1.19 billion) contract and granting a NT$20.5 billion syndicated loan to financially unstable Ching Fu.
Huang made the request to Financial Supervisory Commission Chairman Wellington Koo (顧立雄) and Minister of Finance Sheu Yu-jer (許虞哲) during the question-and-answer section of a meeting of the legislature’s Finance Committee, asking the government to respond by the end of yesterday. [FULL STORY]
