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Not listening to Chen Shih-chung's earnest advice, defrauded of 1 billion! He discovered Tzu Chi has not yet filed a lawsuit, questioning how financial statements were prepared

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • A lawyer allegedly defrauded the Tzu Chi Foundation of over NT$1 billion by falsely claiming to have access to BNT vaccines during the pandemic.
  • The lawyer, Chen Yu-hsuan, reportedly promised procurement channels for the vaccines.
  • The case has drawn public attention, with questions raised about the foundation's financial statements and the lawyer's actions.

A prominent lawyer is accused of defrauding the Buddhist Tzu Chi Foundation of more than NT$1 billion (approximately $32 million USD) by falsely promising access to BNT COVID-19 vaccines. Chen Yu-hsuan, former head of the Changhua Bar Association, allegedly claimed to possess procurement channels for the vaccines during the height of the pandemic.

The allegations have sparked significant public concern and scrutiny. Questions are being raised about how the foundation's funds were managed and why it proceeded with such a large sum based on these claims. The situation has prompted discussions about due diligence and the vulnerability of organizations seeking critical supplies during a global health crisis.

Canadian academic Shen Rong-chin expressed astonishment at the case, highlighting the substantial amount involved and the nature of the alleged deception. The Tzu Chi Foundation's decision not to press charges yet has also become a point of discussion, with some questioning the financial reporting and the handling of the alleged fraud.

Shocking! He was defrauded of 1 billion yuan by not listening to Chen Shih-chung's earnest advice! He discovered that Tzu Chi has not yet filed a lawsuit, questioning how the financial statements were prepared.

โ€” Shen Rong-chinCanadian associate professor at York University commenting on the alleged fraud case.
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.