MOF approves Jason Liao’s resignationMISCONDUCT? Deputy Minister of Finance Frank Juan (阮清華) told reporters that the ministry respected Liao’s wish to separate his legal suits from First Financial’s operation. First Financial Holding Co chairman Jason Liao speaks at a meeting of the Legislative Yuan’s Finance Committee on Dec. 16 last year. Far Eastern Air reportedly fabricated its financial standing to qualify for the loans that became toxic assets to Taiwan Cooperative Bank, prosecutors said. Taiwan Cooperative Bank, the nation’s largest lender by number of branches, issued a brief statement, saying that all officials involved in handling the 2009 loan application complied with proper procedures.

Source: Taipei Times July 30, 2020 15:56 UTC