Former PSPF chief investigated in corruption scandal

Jun 9, 2009

Prosecutors say senior staff at Taiwan's Public Service Pension Fund may have received kickbacks on fees, plotted to swing stock prices, and manipulated voting in government elections.

Chu Wu Hsien, a former chairman of the management board of the Public Service Pension Fund (PSPF) and minister of civil service between 2004 and 2008, has been detained by prosecutors in Taiwan on suspicion of wrongdoing in office. The investigation is expected to delay the PSPF's latest outsourcing exercise, as more senior officials from the fund are called in for questioning. The PSPF is one of Taiwan's four state-run mega funds.

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