Stay updated with breaking news from Daniel tarng. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Taipei, Aug. 19 (CNA) A former senior official in the Ministry of Labor has been sentenced to nine years in jail for his role in a labor fund scandal in which he manipulated the share price of select stock to allow PJ Asset Management Co. to make more than NT$500 million (US$16.67 million) in profit, the Taipei District Court said Friday. ....
Taiwan regulator fines three firms in BLF scandal | Asia Asset Management asiaasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaasset.com Daily Mail and Mail on Sunday newspapers.
Taipei, April 22 (CNA) Taiwan's top financial regulatory body on Thursday imposed fines totaling NT$13.5 million (US$475,687) on three asset management firms over their employees' involvement in financial irregularities. ....
Ex-labor official, asset managers indicted over labor fund scandal 02/08/2021 03:25 PM Yu Nai-wen (left). CNA file photo Taipei, Feb. 8 (CNA) The Taipei District Prosecutors Office on Monday indicted a former labor ministry official and 11 members of four local asset management firms on charges of corruption and manipulating stock prices in a labor fund bribery case. Yu Nai-wen (游迺文), former head of the domestic investment division of the Bureau of Labor Funds (BLF) under the Ministry of Labor (MOL), was indicted for violating the Anti-Corruption Act and the Securities and Exchange Act by accepting bribes from PJ Asset Management Co. CEO Daniel Tarng (唐楚烈) and executive Chiu Yu-yuan (邱裕元), giving the firm illicit gains of NT$180 million (US$6.44 million), according to the indictment. ....
Executives involved in labor fund scandal freed on bail 12/23/2020 01:03 PM To activate the text-to-speech service, please first agree to the privacy policy below. 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). ....