《TAIPEI TIMES 焦點》 Gobo’s president posts NT$400m bail

NEW BAIL RECORD: Prosecutors have alleged that the company’s president might have made illegal profits of about NT$358m and requested an overriding bail figure

By Jason Pan / Staff reporter

請繼續往下閱讀...

Gobo Group （國寶集團） president Chu Guo-rong （朱國榮）, detained in relation to allegations of embezzlement in the CTBC Financial Holding Co （中信金） case, was yesterday released on a record-setting NT$400 million （US$12.74 million） bail.

Former CTBC executives Wu Feng-fu （吳豐富） and Chang Yu-chen （張友琛） were also released after a bail hearing at the Taipei District Court. Wu’s bail was set at NT$35 million, while Chang’s was NT$1.5 million.

The court set conditions on Chu and Wu’s release, with restrictions on their movement, including staying in their own residences, not leaving the nation and reporting to their local police station every day.

The Supreme Prosecutors’ Office Special Investigation Division on Wednesday indicted Jeffrey Koo Jr （辜仲諒） and seven others, including CTBC and Gobo Group executives, for allegedly embezzling company funds and other illegal financial dealings, and contravening the Securities and Exchange Act （證券交易法）, the Money Laundering Control Act （洗錢防制法） and the Insurance Act （保險法）.

Prosecutors have alleged that Chu might have made illegal profits of about NT$358 million through his company’s dealings with CTBC and on Wednesday they asked the judges set a very high figure for Chu’s bail.

Chu was unable to come up with the required amount on Wednesday and spent another night at the Taipei Detention Center, where he has been held for almost four months.

Chu’s family and friends yesterday paid NT$120.5 million of the bail in cash and the remainder in certified checks.

Chu’s sister was accompanied by a lawyer as she brought three suitcases and two bags of cash to the court in the afternoon to post the bail.

The NT$400 million bail set a new record in Taiwan, surpassing the NT$350 million imposed on former Eastern Multimedia Group （EMG） chairman Gary Wang （王令麟） in a 2008 EMG assets scandal.

The record cumulative bail for one person was for former Ting Hsin International Group executive Wei Ying-chun （魏應充） at NT$1.6 billion, which involved several cases against him stemming from a tainted oil scandal in 2013 and subsequent litigation.

CTBC lawyers yesterday released a statement saying that there is no concrete evidence of wrongdoing, and that “we regret that prosecutors made indictments based only on inference and conjecture.”

“Jeffrey Koo Sr （辜濂松） was the founder of CTBC Financial and he was the soul and leader of Chinatrust Group companies. He played important roles in the nation’s business community and government’s cross-strait affairs and had been one of the most respected business leaders in this nation... Therefore all CTBC employees were shocked and feel regret over the charges by prosecutors against Jeffrey Koo Sr,” the lawyers said.

Although Koo Sr died in December 2012, prosecutors also investigated him as part of the probe before dropping all charges against him.

新聞來源：TAIPEI TIMES