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Yu X, the director of the domestic investment team of Bureau of Labor Funds of the Ministryof Labor, was involved in the alleged offense of taking bribes for a breach of official duties.

  • Publication Date:
  • Last updated:2022-12-12
  • View count:187

The Agency and Taiwan Taipei District Prosecutors Office jointly investigated the case that Yu X, the director of the domestic investment team of Bureau of Labor Funds of the Ministry of Labor (BLF), promised Tang X and Chiu X to claim the illegal benefit of Bao X Company and Chia X Company causing the damage to the interests of the investment assets entrusted to BLF. Yu X was also discovered requesting the staff of BLF Labor and the entrusted investment trust agents Chiu X, Liu X, Chueh X, Sun X, Kuo X, and Hsieh X, etc., to buy shares of Yuan X Company at a price higher than the market price continuously to rig the financial market. The price manipulation of the stock of the Company has aided Bao X Company and Chia X Company in obtaining the illicit proceeds of NT$275,561,241.

The case was concluded, and Yu X was prosecuted by the Taipei District Prosecutors Office for the crimes of breach of duty accepting bribes, misuse of public power for private profit of the AntiCorruption Act, and price manipulation of the stock of the Securities and Exchange Act and the damage to the assets of securities investment trust funds of the Securities Investment Trust and Consulting Act.

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