Taiwan ministers resign over embezzlement scandal

Taiwan's vice premier and its foreign minister resigned on Tuesday to shoulder responsibility for the island's worst diplomatic scandal involving the alleged embezzlement of 30 million US dollars.

TAIPEI: Taiwan's vice premier and its foreign minister resigned on Tuesday to shoulder responsibility for the island's worst diplomatic scandal involving the alleged embezzlement of 30 million US dollars.

Vice Premier Chiou I-jen told a press conference he was standing down while the investigation took place, saying he hoped it would prove his innocence.

Separately, a foreign ministry official said Foreign Minister James Huang had also tendered his resignation, which had been accepted.

The government cash was earmarked for Papua New Guinea in a bid to secure its diplomatic recognition of Taiwan over rival China, but authorities allege it was pocketed by businessmen instead.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Taiwan ministers resign over embezzlement scandal
Text Size:AAA
Success
This article has been saved

*

+