Ministry of Defense of Taiwan

The Ching Fu scandal continues to unfold, regarding the suspicious circumstances in which a 35.8 billion NTD contract was awarded to the Ching Fu Corporation to construct minesweepers for the navy, something it later proved unable to do. The KMT has taken the unusual tactic of trying to pin a scandal that occurred under Ma Ying-Jeou onto the DPP, however...

Questions of corruption at Taiwan’s highest levels of government under the Ma administration have been raised with regards to the Ching Fu loan scandal, in which a 35.8 billion NTD contract was awarded to the Ching Fu Corporation to construct six minesweepers for the navy, as well as provided with a 20.5 billion NTD syndicated loan. However, it was announced last week that Ching Fu had defaulted upon its loan and that Ching Fu would be unable to complete the minesweeper contract, raising suspicions regarding why the contract and loan were given to Ching Fu to begin with...