Repercussions from the Mega Bank Financial Holdings New York Branch case rumble on. Prosecutors in Taiwan started investigations and uncovered loans made to the Ruentex Group of over NT$20 million during the tenure of Mckinney Tsai as Mega Bank's Chair. After Tsai resigned as Mega Bank's Chair, he took a position as Chair of Chien Chi Assets Management Co., a company invested in by the Ruentex Group. After he took the position, the company's value soared to NT$12 billion. Prosecutors find this suspect and the loans made to Ruentex suspect. They interviewed Tsai for the fifth time. Ruentex Group Chair Yin Yan-liang was also called in as a witness to give a statement. After being interviewed he was allowed to leave. Tsai is suspected of committing violations of the Securities Exchange Act and was held incommunicado.
On Oct. 3, Ruentex Group Chair Yin Yan-liang was called to give a statement as a witness. He was allowed to leave after giving his statement.
==YIN YAN-LIANG Ruentex Group Chair==
Do you feel confident? Yes. (thinks) because I am innocent.
Facing the media, Yin was confident and maintained that both he and former Mega Bank Chair Mckinney Tsai were innocent. However, Taipei District Prosecutors found that during Tsai's tenure as Mega Bank Chair the bank had lent the Ruentex Group NT$23.7 billion with Mega Bank acting as Ruentex's private bank vault. After Tsai resigned as Mega Bank's Chair in March this year, he took a position as Chair of a Ruentex invested company DataGovTw and the company's worth jumped from NT$8 billion to NT$20 billion, a rise of NT$12 billion. Prosecutors find this suspicious and want to clarify the relationship between Tsai and Yin and how this may relate to the money laundering case.
==REPORTER to MCKINNEY TSAI former Mega Bank Financial Holdings Chair==
Yin Yan-liang says you are innocent, do you have any comment?
Prosecutors interveiwed Tsai, former chief secretary of Mega Financial Holding's Board of Directors Wang Chi-bang, and 16 others. After questioning, both Tsai and Wang were first held incommunicado and then at 5 am this morning, were arrested without bail. The former chairman of DataGovTw, Hsieh Hong-yuan was released on bail of NT$2 million. Prosecutors investigating the money laundering scandal have now uncovered suspected violations of the Securities Exchange Act, susbstantial private loans and breach of trust, all of which they will continue to clarify.
TRANSLATED BY：CLARE LEAR
==兆豐金前董事長蔡友才 vs 記者==