Felix Chen This is Me

 Web References

1. 1. Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.

   www.atimes.com/atimes/China_Bu - [Cached]

   Published on: 7/22/2005   Last Visited: 12/13/2005

   Aside from Chang, the "effective management" policy has also resulted in some businessmen, such as Tsai Juei-chen, former chairman of the Shanghai-based Grace Semiconductor Manufacturing Corp, and Felix Chen, former chairman of Rechi Precision Co, the world's third-largest compressor maker, staying away from Taiwan.
   ...
   Felix Chen has been accused of accounting abuses and illegally investing in China more than 40% of Rechi's asset value. The local prosecutors' office issued an arrest warrant and listed Chen as wanted at the end of November, even though Chen claimed his health doesn't allow him to make long-distance trips.
   ...
   As part of their struggles, Chen published a half-page statement in local newspapers, saying, "I have violated only the outdated regulations, but I'm not involved in any illegal affairs," while Tsai filed a lawsuit against the Investment Commission.
   ...
   "In my opinion, this is political persecution," Chen said in an interview from Beijing with Taiwan's Business Weekly. But Huang Chin-tan, the executive secretary of the Investment Commission, defended his department's moves, arguing: "We would have been accused of neglecting our duties if we failed to do anything."

2. 2. Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.

   atimes01.atimes.com/atimes/Chi - [Cached]

   Published on: 7/22/2005   Last Visited: 1/11/2006

   Aside from Chang, the "effective management" policy has also resulted in some businessmen, such as Tsai Juei-chen, former chairman of the Shanghai-based Grace Semiconductor Manufacturing Corp, and Felix Chen, former chairman of Rechi Precision Co, the world's third-largest compressor maker, staying away from Taiwan.
   ...
   Felix Chen has been accused of accounting abuses and illegally investing in China more than 40% of Rechi's asset value. The local prosecutors' office issued an arrest warrant and listed Chen as wanted at the end of November, even though Chen claimed his health doesn't allow him to make long-distance trips.
   ...
   As part of their struggles, Chen published a half-page statement in local newspapers, saying, "I have violated only the outdated regulations, but I'm not involved in any illegal affairs," while Tsai filed a lawsuit against the Investment Commission.
   ...
   "In my opinion, this is political persecution," Chen said in an interview from Beijing with Taiwan's Business Weekly. But Huang Chin-tan, the executive secretary of the Investment Commission, defended his department's moves, arguing: "We would have been accused of neglecting our duties if we failed to do anything."