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September 21, 2017

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TDPO to evaluate ex-Yuanta chief's health

TAIPEI, Taiwan -- The Taipei District Prosecutors Office (TDPO) yesterday said that prosecutors and the Taipei Prison will evaluate former Yuanta Financial Holding Co. (元大金控) Chairman Rudy Ma's mental and physical condition and then to decide whether or not to carry out Ma's seven years and four months prison term.

The TDPO's remarks came after the Chinese-language Next Magazine yesterday published an article, claiming that Ma's attorney requested the TDPO to postpone carrying out the 74-year-old's prison sentence as he suffers from dementia.

The Supreme Court on June 30 issued the final verdict of seven years and four months in prison to both Ma and his wife Judy Tu (杜麗莊), who is the former Yuanta Securities Co. (元大證券) chairwoman after they were both found guilty of charges of breach of trust and violating the Securities Exchange Act (證券交易法).

The court said the pair were found guilty for profiting from irregular trading, noting that the irregularities involved the sale of shares from Yuanta Investment Trust (元大投信) to Yuanta Securities in 2005. The Supreme Court ruled that the couple had caused significant losses to the securities company and to its shareholders and thus should serve prison terms. The pair is scheduled to begin their prison term at the beginning of August.

Alleged Deteriorating Health

According to the weekly magazine's article, Ma's family went for domestic brain specialist Sun Mao-feng's (孫茂峰) assistance as Ma's health condition is deteriorating. Ma's family, at the same time, filed an extraordinary appeal to the Supreme Prosecutors Office against the Supreme Court's final verdicts of both Ma and Tu.

In response, the Supreme Prosecutors Office yesterday said it has rejected Tu's request of appealing against the ruling, saying that because the reason behind Tu's appeal does not fit the requirement of filing an extraordinary appeal. The prosecutor's office further explained that to file an extraordinary appeal against a Supreme Court ruling, it has to have been found to contravene the law in some way. The Supreme Prosecutors Office added that it is currently deliberating Ma's request and has yet to reach a conclusion.

The TDPO spokesman Huang Mou-hsin (黃謀信) said if Taipei prosecutors deemed that Ma's mental and physical condition are good enough to serve his prison term, the TDPO will dismiss Ma's request for postponing the carrying out of his sentence.

Huang said the Taipei Prison will conduct another evaluation of Ma before he begins his term, adding that if he can not mentally and physically take care of himself, then the prison may reject him.

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