Former president Ma Ying-jeou (馬英九) was yesterday acquitted in the first ruling of a case involving the sale of three media companies by the Chinese Nationalist Party (KMT) that resulted in significant losses, while Ma’s codefendant, former KMT legislator Alex Tsai (蔡正元), was sentenced to three years and six months in prison.
Prosecutors in 2018 indicted Ma, saying that he was involved in negotiations over the sale of China Television Co (中視), Broadcasting Corporation of China (中廣) and Central Motion Picture Co (中影).
Alongside Ma and Tsai, they also charged Wang Hai-ching (汪海清), former general manager of KMT-controlled Central Investment Co (中央投資公司),
Taipei, Oct. 27 (CNA) Former President Ma Ying-jeou (馬英九) and two other defendants were acquitted Wednesday on charges of breach of trust and irregular transactions in a long-running case related to the selling of three media companies owned by the Kuomintang (KMT) over a decade ago.
By Jason Pan / Staff reporterFormer president Ma Ying-jeou （馬英九） was yesterday acquitted in the first ruling of a case involving the sale of three media companies by the Chinese Nationalist Party （KMT） that resulted in significant losses, while Ma’s codefendant, former KMT legislator Alex Tsai （蔡正元）, was sentenced to three years and six months in prison.
Prosecutors on Tuesday requested that the Taipei District Court impose the maximum sentence against former president Ma Ying-jeou (馬英九) for allegedly illegally profiting from the sale of three media companies owned by the Chinese Nationalist Party (KMT) which resulted in the party losing NT$7.2 billion (US$258.56 million at current exchange rate).
Ma and the other defendants in the case yesterday released statements denying any wrongdoing, saying they made the deals to dispose of the KMT’s assets and did not derive any personal financial gain.
Ma, Wang Hai-ching (汪海清), former general manager of the KMT’s Central Investment Co, and Chang Che-chen (張哲琛), the
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