RTI: Taiwan Fertilizer loan case has six points of doubt: Council of Agriculture

The Council of Agriculture says that there are six points of doubt in a case involving the Taiwan Fertilizer company loaning funds to private individuals buying houses. Last month, news broke of KMT presidential candidate Han Kuo-yu purchasing a NT$72 million (US$2.3 million) home in Taipei in 2011. Han reportedly borrowed funds from the Taiwan Fertilizer company to help purchase the property.

The six points include: whether the private loan was in violation of Taiwan Fertilizer’s bylaws; the use of private e-mails to broker the deal; and a misinterpretation of relevant banking regulations.

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