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BackLin Guozhang filed a lawsuit to counter the Kuomintang's smear campaign. 3 statements requested an examination of Wu Zongxian's shareholding controversy.
Lin Guozhang filed a lawsuit to counter the Kuomintang's smear campaign. 3 statements requested an examination of Wu Zongxian's shareholding controversy.
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自由时报18 minutes agoPolitics3 min readChinaView original

Lin Guozhang filed a lawsuit to counter the Kuomintang's smear campaign. 3 statements requested an examination of Wu Zongxian's shareholding controversy.

Quick Look

  • The Kuomintang group of the Legislative Yuan questioned the Democratic Progressive Party candidate for Yilan County Governor Lin Guozhang's investment in Lili Group.
  • President Lin Guozhang responded that he had appointed a lawyer to file a lawsuit and issued a three-point statement, asking the Kuomintang County Governor candidate Wu Zongxian to respond to his holdings of more than 870,000 shares of unlisted waste disposal company stocks, environmental protection penalty records, and large stock purchases during his tenure as a legislator.

AI-generated summary

Why It Matters

The Kuomintang group of the Legislative Yuan questioned Lin Guozhang, the Democratic Progressive Party candidate for Yilan County magistrate, about his involvement in investments related to Lili Group, and criticized his relationship with local builders. Lin Guozhang, the general manager of the competition, said that in response to the unwarranted smear and rumors, Lin Guozhang has appointed a lawyer to file a lawsuit and will not give any leniency. At the same time, he issued a three-point statement calling for an examination of the shareholding controversy of the Kuomintang county magistrate candidate Wu Zongxian.

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The Kuomintang group of the Legislative Yuan held another press conference today to question Lin Guozhang, the candidate for Yilan County Governor of the Democratic Progressive Party, for his involvement in investments related to Lili Group, and criticized his relationship with local builders. Lin Guozhang, the general manager of the competition, said that in response to the unwarranted smear and rumors, Lin Guozhang has appointed a lawyer to file a lawsuit and will not give any leniency. At the same time, he issued a three-point statement calling for an examination of the shareholding controversy of the Kuomintang county magistrate candidate Wu Zongxian.

Mr. Lin Guozhang said, 1. Lin Guozhang’s every business investment and all shareholding details are open and transparent, and reported honestly in accordance with the law. On the other hand, Wu Zongxian holds more than 870,000 shares (more than 870 shares) of an unlisted waste treatment company. When declaring stocks, they did not dare to state the facts truthfully. It was not until the incident came to light that they made major changes and corrections. "Correcting the property declaration does not mean that the people's doubts will automatically disappear." Please swallow this sentence intact and question Wu Zongxian.

2. "Yongcheng Environmental Technology" (formerly known as Sustainability Development), which Wu Zongxian holds a large share of, is a Class A waste disposal company. Over the years, it has accumulated 31 environmental fines and fines of more than 2.7 million yuan. It even falsified incinerator data and even had its employees sentenced to prison. It is full of misdeeds! However, Wu Zongxian has heavily invested in polluting blacklisted companies that have repeatedly violated environmental regulations. I would like to ask Wu, "Is this your environmental sustainability value?"

3. Wu Zongxian served as a prosecutor in the past and held a large number of shares in his name, but coincidentally had a high geographical connection with the place where he used to work. It was even revealed by the media that as a legislator, Wu actually bought a lot of stocks during the working hours of the Legislative Yuan, and even went so far as to gamble! How can a derelict legislator, who is not even focused on his duties as a member of Congress and is only focused on watching the market, have the sincerity and ability to benefit the people of Yilan County? How can one serve as the head of a county with such a ridiculous behavior?

President Lin Guozhang pointed out that Yilan people have sharp eyes. He advised the Kuomintang and Wu Zongxian's team not to hide under the umbrella of immunity of speech to slander and spread rumors in the Taipei Legislative Yuan, and then use Taipei's dirty water to start a mud war when they return to the local area. Please Wu Zongxian stop changing the focus and respond positively to the villagers' doubts about the bad environmental protection unit and the neglect of the legislators' duties.

What to Watch

AI outlook — possibilities, not facts

  • Wu Zongxian's team will issue a response to the three questions raised by President Lin Guozhang.

    Likely · Within days

  • The case filed by a lawyer appointed by Lin Guozhang will enter the judicial process.

    Likely · Within weeks

Open Questions

  • What are the specific details and amount of Lin Guozhang’s investment in Lili Group?
  • When did Wu Zongxian obtain the more than 870,000 shares of Yongcheng Environmental Technology and what was the source of the funds?
  • What was the specific frequency and amount of stock buying and hedging done by Wu Zongxian during his tenure as a legislator?

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This article was originally published by 自由时报.

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