DistantNews

Hsiao Hsu-tsen Accused of Receiving Merchant Donations; Huang Ti-ying: Like Ko Wen-je Pocketing Donation from Xie Guoliang's Mother

From Liberty Times · (2d ago) Chinese Critical tone

Translated from Chinese, summarized and contextualized by DistantNews.

TLDR

  • Former Ma Ying-jeou Foundation CEO, Hsiao Hsu-tsen, is accused of financial misconduct, including receiving undeclared "merchant donations."
  • Lawyers allege Hsiao may have committed embezzlement and breach of trust, comparing the case to a previous scandal involving Ko Wen-je.
  • The foundation is investigating the alleged misuse of public funds, with potential legal consequences for Hsiao if the accusations are proven.

The Ma Ying-jeou Foundation is embroiled in a significant personnel and financial scandal, with former CEO Hsiao Hsu-tsen at the center of allegations of serious financial misconduct. Former President Ma Ying-jeou himself has voiced deep disappointment, citing violations of financial discipline and expressing concern over Hsiao's interactions with Taiwanese merchants in China, which he claims were not adequately disclosed. The foundation's investigation, commissioned by Ma, has reportedly uncovered evidence of "merchant donations" of unknown origin that were not properly accounted for in the foundation's books. This has led to accusations that Hsiao may have engaged in embezzlement and breach of trust, offenses that carry severe penalties under Taiwanese law. Lawyer Huang Ti-ying has drawn parallels between this case and a previous controversy involving Ko Wen-je, suggesting a pattern of potential misuse of funds intended for public benefit. The foundation's legal team has presented findings indicating clear violations of financial regulations, with the alleged undeclared donations forming the crux of the evidence. If proven, Hsiao could face charges of embezzlement of public funds, a crime punishable by one to seven years in prison. Furthermore, as an executive entrusted with managing the foundation's affairs, his actions could also constitute a breach of trust, potentially leading to an additional five-year prison sentence. The foundation, being a public welfare entity, relies on donations and public trust, making any alleged diversion of funds a grave offense.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.