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May 24, 2017

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Head of CPC denies being questioned in graft probe

TAIPEI--Chu Shao-hua, chairman of the state-run oil refiner CPC Corp., Taiwan, on Friday denied any involvement in a case of bid-rigging, saying that the news reports of him being under investigation were incorrect.

It was reported in the media that Chu is being investigated by the Agency Against Corruption on suspicion of helping a local company win a CPC tender in 2006 for an oil leak detection system.

However, Chu said that while the matter is in fact being probed, he himself is not under investigation. The tender was not under his supervision in 2006, when he was vice president of the company, he told reporters.

Chu said he intends to retire by the end of this month and that Economics Minister Shih Yen-shiang has already approved his retirement plans.

The ministry has not yet named anyone to fill the post, he said.

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