LATE CHARM OFFENSIVE:The president finally decided to accept the resignation of the Academia Sinica president after considering public opinion, a statement said
Date: May 11, 2016
By: Chen Wei-han / Staff reporter
President Ma Ying-jeou (馬英九) yesterday approved the resignation of Academia Sinica President Wong Chi-huey (翁啟惠), amid an ongoing investigation into Wong’s role in an insider trading scandal involving biotech company OBI Pharma Inc (台灣浩鼎).
Wong offered his resignation on March 29 when traveling in the US, but Ma did not accept it at the time and demanded instead that Wong return to Taiwan to respond to the allegations.
Allegations of improper conduct began after Wong endorsed a new OBI Pharma cancer drug, despite discouraging clinical trial results in February, and it emerged shortly afterward that his daughter is a major shareholder in the company.
It also emerged that Wong, on behalf of his daughter, sold 10,000 of the firm’s shares before the trial results were publicly released. [FULL STORY]