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Executives involved in labor fund scandal freed on bail
12/23/2020 01:03 PM
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Taipei, Dec. 23 (CNA) A Taipei court on Tuesday rejected a prosecutors request to detain four executives of an asset management firm suspected of manipulating stock prices in a labor fund bribery case and ordered them released on bail due to insufficient evidence.
After questioning the suspects, the Taipei District Prosecutors Office filed a request early Tuesday morning to detain Uni-President Assets Management Corp. Vice President Chueh Chih-chang (闕志昌), managers Sun Ming-cheng (孫民承) and Kuo Shi-ching (郭士慶), and analyst Yu Jian-yeh (俞建業).
2020/12/10 21:05 PJAM CEO Tang Chu-lie (center) PJAM CEO Tang Chu-lie (center) (CNA photo) TAIPEI (Taiwan News) The Taipei District Prosecutor’s Office on Thursday (Dec. 10) launched the third stage of an investigation into possible labor fund stock speculation. Officials on Thursday interviewed Fuhua Trust Firm s chief investment officer Chiu Ming-chiang (邱明強), Fuhua Trust asset manager Liu Chien-hsien (劉建賢) and researcher Chen Chou-lun (陳周倫), PJ Asset Management Co. CEO Tang Chu-lie (唐楚烈), and PJ Asset Investment Director Chiu Yu-yuan (邱裕元). Most notably, Tang went from being a witness to a defendant, Liberty Times reported. According to the prosecutors’ findings so far, Tang and Chiu conspired last May to manipulate the shares of Far Eastern Group using the funds of PJ Asset Management to raise the department store chain’s stock prices. This allegedly continu