No reason for finance minister to quit: Lin

Taipei Times
Date: Oct 05, 2016
By: Alison Hsiao / Staff reporter

Premier Lin Chuan (林全) yesterday said he does not see why Minister of Finance Sheu Yu-jer (許虞哲) should resign, amid media reports that Sheu would follow Financial Supervisory Commission chairman Ding Kung-wha (丁克華) in stepping down over the Mega International Commercial Bank (兆豐銀行) scandal.

Ding resigned on Monday to take responsibility for Mega Bank’s breaches of US money-laundering regulations.

Lin said that Ding had on several occasions informed him of his intention to resign over the Mega Bank incident, and Lin on Sunday finally approved his resignation.

When asked whether Ding’s resignation was a political move by the Cabinet in response to recent criticism of it being too “old, blue and male,” Lin said that political appointees have their own “considerations, as they come and go for different reasons.”     [FULL  STORY]

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