Formosa Plastics Group Involved in Bribery Scandal

Formosa Plastics Group Involved in Bribery Scandal
Photo Credit:華視新聞截圖
What you need to know

25 employees of the Formosa Plastics Group (FPG) are involved in what is said to be the largest collective bribery scandal in history.

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On July 24, former CEO of the Formosa Plastics Group (FPG), Lin Zhen-rong, resigned after taking up the post for 24 days. Apple Daily reports three days later, including Lin and former Assistant Manager Zhu Jin-chi, ten other senior managers and personnel are involved in a bribery scandal. The head office of FPG has confirmed the report to be true.

Apple Daily reports this is the largest collective bribery scandal in history. It began with an anonymous letter accusing Lin and Zhu, as well as over 20 managers and employees, of accepting long-term funding from another manufacturer to guarantee purchase orders.

Due to the seriousness of the situation, the Formosa Plastics Group (FPG) launched the “724 Anti-Corruption Campaign," relieving a total of 20 people from their post before exposure.

FPG confirmed in a press release the possibility of Lin being involved in the case. As for related legal issues, the company requested further investigation to be conducted and will deal with the case according to labor contracts, work regulations and related laws.

Translated by Sarah Grasdijk
Edited by Olivia Yang

Sources:
Apple Daily