ROC Red Cross files libel suit against branch chief
The China Post news staff-- The Red Cross Society of the Republic of China yesterday filed an aggravated libel suit against the chief of its New Taipei branch for making false revelation that its former president Chen Charng-ven allegedly converted up to NT$4.3 billion in cash donations into reserved funds.
May 31, 2012, 12:09 am TWN
The ROC Red Cross took the legal action against Chang Meng-yu, chief of the society's New Taipei branch, after the Next Magazine published a report on the alleged practice by Chen, citing revelations made by Chang.
Chang revealed that the Red Cross had collected as many as NT$10 billion in cash donations for disaster-relief purposes when Chen served as president of the organization, but Chen had allegedly managed to secretly convert some NT$4.3 billion of the donations into reserved funds via accounting means and eventually made the reserved funds as assets of the society.
In filing the aggravated libel suit against Chang, Sun Der-ping, a spokesman of the Red Cross society, said, “If the NT$4.3 billion was secretly converted into reserve funds, why was the figure still listed on the society's financial statement for 2011?”
Sun continued to say that all the cash donations collected by the Red Cross have been distributed in stages to related organizations in disastrous areas in accordance with the relief and rehabilitation projects offered by the organizations, and that the society's financial statements are publicized online on a quarterly basis.