People questioned in Pharmally probeBy Jason Pan / Staff reporterThe Taipei District Prosecutors’ Office yesterday summoned 14 people for questioning amid a probe into alleged securities fraud at Pharmally International Holding Co, while an international warrant was issued for Pharmally chairman Tony Huang (黃文烈), who reportedly is in Singapore. Four banks — Entie Commercial Bank, Far Eastern International Bank, Hua Nan Bank and Bank SinoPac — face non-performing loans after lending to Pharmally, investigators said. A group of three businesspeople, headed by Tsai Shui-ping (蔡水濱), who are involved in real estate and construction in central Taiwan invested heavily in Pharmally face combined losses of NT$2.2 billion, investigators said. Prosecutors said that employees of accounting firm Deloitte & Touche Taiwan allegedly colluded for several years with Pharmally executives to forge reports and financial statements. In the first round of raids on Monday, Shih Ching-pin (施景彬) and Chiang Ming-nan (江明南), two accountants at Deloitte & Touche Taiwan, were questioned.

Source: Taipei Times August 20, 2020 15:56 UTC