CECI chair indicted for breach of trust

The China Post news staff

TAIPEI, Taiwan News — CECI chairman Lin Chen-teh, a confidant of former President Chen Shui-bian, was indicted yesterday for breach of trust in connection with his company’s purchase of an office building. Taipei district prosecutor Lin Chung-chih demanded the chairman of the engineering consults company be sentenced to four and a half years in prison, if convicted. Also indicted were two CECI employees, Yu Cheng-tien and Kuan Wen-chin. They were charged with helping the CECI chief executive officer obtain NT$122 million in brokerage and kickbacks.

In a written indictment, the district prosecutor demanded a two-year sentence for Yu and a term of one and a half years for Kuan, which, however, can be suspended for two years. Kuang turned witness against the CECI chairman in a deal struck with the prosecution. The prosecutor said the CECI chairman bought the office building in Neihu in suburban Taipei with NT$2.2 billion in December last year. “He asked Yu to get another NT$100 million as commission from the German company that owned the building,” the prosecutor pointed out. Yu was also required to obtain still another NT$22 million as rebate for the CECI chairman, the prosecutor said. Yu did as had been told. In the end, CECI paid NT$2,322 million for the NT$2.2 billion building. The prosecutor charged the CECI CEO with pocketing NT$122 million. He said the CECI chairman had the NT$122 million remitted first to Singapore, where Yu’s maternal uncle set up a paper company to launder the money. When the case came to light in last May, the CECI chief had the money remitted to a Hong Kong bank. The prosecutor had NT$100 million recovered from the bank in the former British crown colony. Chen Shui-bian gave Lin Chen-teh the CECI job. Lin was a secretary to Chen while he was mayor of Taipei from 1994 to 1998.