Chung-Hsin Electric and Machinery Manufacturing Corp (CHEM, 中興電工) chairman Chiang Yi-fu (江義福) was yesterday sentenced to six years in prison for fraud in connection to procurement contracts for the domestically developed CM-32 Clouded Leopard armored vehicle.
The Taichung District Court ruled that Chiang and other executives at the firm had breached the Securities and Exchange Act (證券交易法) and that the firm had made about NT$2.1 billion (US$75.2 million) in illicit profit from the procurement deal.
CHEM general manager Kuo Hui-chuan (郭慧娟) was sentenced to a suspended jail term of two years, while deputy general manager Lee Liang-chang (李良章) was sentenced to four
Munitions factory to make rounds for Clouded Leopards
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Taiwan military to produce anti-tank rounds for new armored vehicle
focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
Rainforest Trust and our long-time partner, KTK-BELT have recently created two protected areas in Nepal’s Himalayas totalling 261,557 acres––that’s one-third larger than New York City. This is the biggest step so far in our joint multi-year, multi-project mission to save habitat in a “belt” from the country’s lowlands, all the way up to the Himalayas through community outreach and land protection.
Newly protected valley in the Himalayas. Photo by KTK-BELT.
The most recent of these designations took place this month with the creation of the Lungbasamba Landscape Biocultural Heritage and Ecotourism Special Conservation Zone, spanning 176,630-acres of high-altitude rugged mountain landscape. This followed our success in September––establishing the 84,927-acre Topkegola Biocultural Heritage and Ecotourism Special Conservation Zone. Both of these projects safeguard critical mountain forest habitat from threats of deforestation from road construction and commercial deve