Prosecutors detain Procomp boss over company's assets - TW

By Jimmy Chuang
STAFF REPORTER

Procomp Informatic Ltd (????) Chairwoman Yeh Su-fei (???) was detained yesterday on charges of breach of trust as well as alleged violations of the Securities Transaction Law (?????) and Accounting Law (???) for allegedly stealing assets from the company.

"She cannot clearly explain every suspicious transaction that we discovered, so we believe it is necessary to keep her longer," said Chiu Chih-hung (???), a Shihlin prosecutor who is investigating the case. Yeh was alleged to have stolen NT$6.3 billion from the company.

Lai Che-hsien (???), the company's financial manager, was released on NT$1.5 million bail after being held about 24 hours for questioning at the Shihlin District Prosecutors' Office.

Investigators noted that Yeh filed a restructuring proposal in the Shihlin District Court on June 14, but that some unusual transactions made prosecutors suspicious.

Chiu said that Yeh wired more than US$10 million to one of her US bank accounts on June 15, and that she provided insufficient explanation of that transaction as well as for the company's missing funds.

http://www.taipeitimes.com/News/taiwan/archives/2004/06/27/2003176698