Taiwan's ex-president charged with breach of trust, economic offences

Taiwan's ex-president charged with breach of trust, economic offences

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Ma Ying-jeou. (File Photo: IANS)
Taipei, July 10 (IANS) Former Taiwanese President Ma Ying-jeou was on Tuesday officially charged with breach of trust and economic irregularities while approving sales of assets owned by his party Kuomintang, the Taipei prosecutor's office said.
The Kuomintang (KMT) party had accumulated huge wealth in the form of cash, securities and real estate during its rule from 1949 to 2000, which according to the opposition were largely illegal appropriations, including favouring members or friends in Ma Ying-jeou's party.
The prosecutors said they found illegalities in the sale of companies Hua Hsia Investment Holding (2005), China Television (2006) and the building of the former headquarters of the KMT in Taipei, also in 2006, Efe news reported.
The sale of Central Motion Picture and the China Broadcasting Corporation (BCC), both in 2006, were also under scanner.
All these transactions were made when Ma was head of KMT and according to prosecutors, he approved sales at prices below the market value "to get rid of the assets", which would otherwise have been confiscated.
KMT called the accusations "surprise attack" and the prosecutors "political assassins" that tarnish judicial independence and the justice system.
Ma Ying-jeou, through his spokesperson, said he was "not surprised" by the accusation, although he felt very "angry" about the political use of the judiciary by the current Progressive Democratic Party government.
On May 15, Ma, who was President of Taiwan from 2008 to 2016 and helped ease tensions between Beijing and Taipei, was handed four months in jail for leaking information related to national security. He had filed an appeal against the sentence.
Ma, who was also KMT President from 2009 to 2014, was let off in several graft cases for lack of evidence.
--IANS
soni/sed

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

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