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BEIJING, May 19 (Xinhua) -- Taiwan leader Chen
Shui-bian's family has again come under fire over insider trading of stocks.
Using his mother's name, Chen's son-in-law Chao
Chien-min bought shares in the ailing Taiwan Development and Trust Corp. just
before their value skyrocketed. Chao profited greatly from the deal, according
to Taiwan media reports.
Taiwan's prosecution department has detained Tsai
Ching-wen, a member of the board of directors of the securities company involved
in the case, for questioning.
Taiwan media reports say that in addition to insider
trading, corruption and manipulation of policy for private gains may also have
occurred.
The Taiwan Development and Trust Corp. had been a
financially troubled company that faced difficulty in getting loans.
Following a dinner between Chao and executives of
Taiwan Development and Trust Corp. and heavyweight stock speculators, Chao
bought shares in the company. Then the share price skyrocketed after a banking
consortium bailed it out.
Under mounting criticism of Chen Shui-bian's family,
Chao has made a public apology, quitted Chen's Democratic Progressive Party(DPP)
and offered to donate part of his profits from the controversial deal to
charity.
Earlier, Chen Shui-bian's wife Wu Shu-chen had been
accused of profiting from insider trading in another case and accepting
department store vouchers worth millions of Taiwan dollars from a friend.
The chain of scandals have seriously affected the
image of the DPP and Chen Shui-bian. According to a recent opinion poll
conducted by the Taiwan-based United Daily News, 54 percent of the respondents
believe Chen Shui-bian cannot shirk his responsibility in these scandals. Just
20 percent of respondents approved of Chen's performance, the lowest figure
since Chen became Taiwan leader.
Only 17 percent of the respondents approved of the
performance of the DPP, also the lowest figure since it came to power in Taiwan.
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