- rman nLv 41 decade agoFavorite Answer
Thailand People's Alliance for Democracy (PAD) are having a protest in the airport and hoping to intercept Thai Prime Minister Somchai Wongsawat from returning. Many passengers are trapped in the airport due to this protest. Thai government has no plan to call the army to date.
- 1 decade ago
Koo, Jr. free on NT$100 mil. bail
TAIPEI, Taiwan -- Jeffrey Koo, Jr., Chinatrust Financial Holding chief executive wanted for alleged insider trading and a possible role in the Longtan industrial park scandal involving former President Chen Shui-bian’s family, was freed late last night on NT$100 million bail following a 10-hour questioning session by prosecutors
All three, however, were convicted of embezzlement and breach of trust.
1. Certain he would be absolved, Koo chose to testify as a witness in the Longtan scandal, in which the former first family allegedly took at least NT$420 million (US$12.17 million) as a bribe.
2. It was Koo’s Hong Kong subsidiary, Red Fire Development Ltd., that was put up as a front to buy into Mega Financial Holding. Koo had Chinatrust loan the necessary funds to Red Fire in the insider trading deal.
3. Koo is allegedly involved in the Longtan scandal by helping arrange the sale of 76 hectares of land to the government for NT$8.6 billion in 2004 by his uncle Leslie Koo, chairman of the Taiwan Cement Company.