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Taipei, April 22 (CNA) Taiwan's top financial regulatory body on Thursday imposed fines totaling NT$13.5 million (US$475,687) on three asset management firms over their employees' involvement in financial irregularities. ....
Ex-labor official, asset managers indicted over labor fund scandal 02/08/2021 03:25 PM Yu Nai-wen (left). CNA file photo Taipei, Feb. 8 (CNA) The Taipei District Prosecutors Office on Monday indicted a former labor ministry official and 11 members of four local asset management firms on charges of corruption and manipulating stock prices in a labor fund bribery case. Yu Nai-wen (游迺文), former head of the domestic investment division of the Bureau of Labor Funds (BLF) under the Ministry of Labor (MOL), was indicted for violating the Anti-Corruption Act and the Securities and Exchange Act by accepting bribes from PJ Asset Management Co. CEO Daniel Tarng (唐楚烈) and executive Chiu Yu-yuan (邱裕元), giving the firm illicit gains of NT$180 million (US$6.44 million), according to the indictment. ....