Jan 29, 2017 Legal Comments Off on Week in Review
One of the top stories from this past week was that Taiwan's government called on Mainland China to explore the possibility of finding a new consensus with Taiwan. That was the word from Straits Exchange Foundation (SEF) Chairman Tien Hung-mao on Monday.
Tien said that the government is dedicated to maintaining cross-strait peace and development. He said it hopes, therefore, that China will work with Taiwan to reach a consensus that is acceptable to both.
Relations between the two sides have chilled since President Tsai Ing-wen took office last May. Tsai's Democratic Progressive Party (DPP) government has refused to acknowledge a consensus that the previous KMT-run administration reached with Beijing in 1992. Under that consensus, there is only one China, although each side may have its own interpretation of what that means.
Also this past week, a survey released by Taiwan Thinktank showed that a majority of the public supports the government's pension reforms.
The survey out Monday found that there is a consensus on the issue regardless of party affiliation or line of work. That also includes retired military personnel, civil servants and teachers, the groups that are mostly likely to see their pensions cut.
Ruling Democratic Progressive Party (DPP) lawmaker Lo Chih-cheng said on Monday that more than 56% of the affected workers are in favor of gradually changing the way their pension is calculated.
The survey also found that the public supports an end to the preferential interest rates enjoyed by civil servants-turned-political appointees. The public also wants the income replacement ratio enjoyed by retired judges and prosecutors slashed.
And finally, this past week, the Taipei District Court sentenced three suspects in last year's First Bank heist to five years in prison. The suspects have also received a NT$ 600,000 (US$ 19,000) fine.
On July 10, 2016, 22 members of a foreign crime ring hacked into the First Bank's computer system. They withdrew a total of NT$83 million (US$ 2.66 million) from 41 of the bank's branches. Police soon recovered the majority of the stolen money and captured three of the 22 suspects, including alleged mastermind, Latvian Andrejs Peregudovs. The remaining 19 suspects have reportedly fled Taiwan.
Taipei District Court Chief Judge Liao Chien-yu said he sentenced the suspects to the longest prison term and highest fine allowed under the law due to the severity of their crimes. He said the three suspects will all be deported upon serving their sentences.
Source: Radio Taiwan International