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President's son-in-law files suit against Chiu Yi

President's son-in-law files suit against Chiu Yi

Chao Chien-ming, President Chen Shui-bian's (陳水扁) son-in-law, has decided to file a lawsuit against Kuomintang Legislator Chiu Yi (邱毅), the public affairs office under the Presidential Office said in a statement yesterday.

Chiu Yi claimed that Chao purchased a luxurious mansion and profited to the tune of some NT$300 million from engaging in insider trading on the stock market.

The statement from the Presidential Office claimed that although Chao and a relative visited the mansion last year, as reported by local media, neither one purchased it.

Pure fiction
It said Chiu's allegation that Chao signed a contract with the real estate company and received a "discount" on the purchase was purely fictitious.
Regarding Chiu's accusation that Chao's mother had made investments in the stock market and earned extraordinary gains, Chao said in the statement that he is unaware of his mother's financial activities and has never intervened in her investments. He said Chiu's words a mere fabrication that would mislead the public.
According to the statement, Chao would defend his reputation and file lawsuits against Chiu immediately.

Guilty conscience
Chiu, on the other hand, said that the Presidential Office's move to clarify Chao's and his mother's behavior implied a guilty conscience.
At a press conference held at the Legislature yesterday, Chiu said that Chao's purchase of the mansion and the involvement in insider trading was his family's business and should be elucidated by Chao himself instead of by the Presidential Office.

He went on to say that the Presidential Office doesn't know how to differentiate between private and public matters. He also said "the more [something] is concealed, the more [it] is revealed."

Updated : 2021-10-20 04:32 GMT+08:00