Evidence lacking to charge China executivesStaff writer, with CNATwo executives from a Hong Kong company believed to have conspired with Chinese intelligence agents will not be charged with breaching the National Security Act (國家安全法) due to a lack of evidence, the Taipei District Prosecutors’ Office said yesterday. Although Xiang and Kung were released days after their arrest, they have since been barred from leaving Taiwan pending further investigation into the allegations. In the course of the investigation into Guotai, the indictment said, Chinese police interviewed Xiang in Hong Kong on Aug. 9, 2016. Ten days later, Xiang and Kung traveled to Taiwan, where they each opened personal bank accounts. After returning to Hong Kong, Xiang and Kung transferred HK$203 million from company accounts into their joint accounts at two Hong Kong banks, prosecutors said.

Source: Taipei Times November 12, 2021 19:00 UTC