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Home Activity Slideshow 2010-04-05 Chen Jun Press Conferene: Will Ma Ying-jeou bring a great disaster on Taiwan?

2010-04-05 Chen Jun Press Conferene: Will Ma Ying-jeou bring a great disaster on Taiwan?

Tuesday, 06 April 2010 10:55 Taiwan Tati Cultural & Educational Foundation

Chen Jun Press Conferene: Will Ma Ying-jeou bring a great disaster on Taiwan?


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Last Updated ( Tuesday, 06 April 2010 10:55 )  

Newsflash

A Taiwanese businessman investing in China was shocked when he found that a 50 million yuan (US$8 million) loan he applied for from the China Construction Bank (CCB) more than a year ago actually went into a unrelated business in China and was used as collateral for another 90 million yuan loan.

The 73-year-old Chen Hsi-so (陳細鎖) said that on the recommendation of a friend, he opened a lime absorbent plant in Wuping District, Longyan, in China’s Fujian Province last year, and applied for a 50 million yuan loan from CCB’s branch in Wuping.