DOUBLE FAULT:Ching Fu vice chairman Chen Wei-chih was granted permission to attend a tennis match, but he changed his mind after media reported on the story

Taipei Times
Date: Nov 05, 2017
By: Huang Chien-hua and Peng Wan-hsin  /  Staff reporters

Prosecutors and lawmakers have put together separate teams to investigate alleged negligence involving the awarding of a now-defaulted NT$22.1 billion (US$732.5 million) syndicated loan from nine state-run banks to Ching Fu Shipbuilding Co.

The Kaohsiung District Prosecutors’ Office, which is spearheading the investigation, has assembled a team of 11 prosecutors to expedite the probe.

After the Executive Yuan on Thursday released a report detailing negligence by the Ministry of National Defense and First Bank, the office increased the scope of its investigation into excessive loaning to Ching Fu to include potential illegality in the bidding process for a minesweeper-building contract.

The office on Wednesday sent Investigation Bureau personnel to the ministry to seize dozens of boxes of paperwork related to the government’s planned procurement of the minesweepers.    [FULL  STORY]