Taiwan’s ex-President Ma Ying-jeou goes on trial in Taipei

08-Nov-2019 Intellasia | TaiwanNews | 6:02 AM Print This Post

Ma appeared at district court charged with criminal breach of trust for sale of three KMT properties during tenure as party chair

Taiwan’s former President Ma Ying-jeou went on trial in Taipei on Wednesday (November 6), charged with criminal breach of trust for the sale of three Kuomintang (KMT) properties during his tenure as party chair.

Ma attended a district court session in Taipei in the morning and said the sale of the three party assets Central Motion Picture Co., Broadcasting Corporation of China, and China Television Co. in 2005 was in compliance with the law. His lawyer, Victor Wu, said the transactions were processed by the KMT-controlled China Investment Corporation (CIC), while Ma was busy running Taipei as mayor in 2005 and 2006.

Wu was quoted as saying in court that Ma did not give advice on the transaction, nor did he arrange under-the-counter negotiations for any specific buyer, LTN reported. Wu also mentioned that Ma couldn’t recall the transaction details of China Television Co.

The next court session is slated for December 18, 2019, when it is expected the Central Motion Picture Co. deal will be looked at. Ma had originally been found not guilty of the criminal breach of trust charge in 2014 due to lack of evidence, but prosecutors appealed the verdict.

The Taipei District Prosecutors Office said in a statement last year that then KMT chair Ma knew that Albert Yu, the buyer of the three party-owned properties, was financially incapable of completing the transaction. However, it was alleged that Ma still forced through the deals in favour of Yu.

In doing so, his aim was to indicate to the public that the KMT had withdrawn from the media, but in truth it had not. The three transactions reportedly incurred a NT$7.2 billion loss for the country’s wealthiest political party.

https://www.taiwannews.com.tw/en/news/3811500

 


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