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Prosecutors seize assets of Ting Hsin's former chairman

2014/10/15 22:59:20

Taipei, Oct. 15 (CNA) Prosecutors on Wednesday seized three luxury apartment units and other assets owned by Wei Ying-chung, who recently resigned as chairman of Ting Hsin International Group, the enterprise at the center of Taiwan's latest food scare.

Wei's assets -- stocks, bank accounts, apartments in "The Palace" complex in Taipei and other real estate -- were seized to prevent him from getting rid of them, according to the prosecutors.

Wei is under investigation by prosecutors in Taipei, Changhua, Chiayi, Tainan and Kaohsiung amid a snowballing food safety scandal involving the Ting Hsin group, which is owned by Wei and his family.

Investigators were worried that the family would move their assets to China to avoid having them frozen in Taiwan, pending an investigation into irregularities at edible oil plants operated by Ting Hsin subsidiaries.

A top executive of Ting Hsin Oil & Fat Industrial Co. and another two from Cheng I Food Co., two of the subsidiary companies, were detained by prosecutors Tuesday in connection with the recent food safety issue.

The two companies are accused of using lard meant for use in animal feed in their edible oil products.

The incident -- the third cooking oil-related scandal to hit the conglomerate within a year -- has sparked widespread outrage among consumers in Taiwan, leading to a public boycott of the group's products and brands.

(By Lin Chang-shun and Lee Hsin-Yin)
ENDITEM /pc

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