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ROC Red Cross files libel suit against branch chiefMay 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.
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