With the Taipei High Administrative Court ruling that the dismissal of Mckinney Tsai from his position on the board of directors of Mega Bank by the Financial Supervisory Commission was illegal, this deals a blow to efforts aimed at fighting financial corruption in Taiwan...
The Bank SinoPac scandal is probably illustrative of the continued murkiness behind many of Taiwan’s large financial institutions, in which a small set of individuals with decades long ties to the ROC state wield a disproportionate amount of power and often act to defend one another when caught guilty of wrongdoing...