Taipei prosecutors investigate former executive of Watchout
The Taipei District Prosecutors Office yesterday said that it is currently in the process of investigating the financial case of Liulin Wei ( ), the former founder and chief executive of local independent political media company Watchout.
Liulin had taken to his Facebook on June 6 to resign from the organization, citing “financial misunderstandings” between himself and Watchout.
Later the same day, the media company also released a statement on social media claiming that its former executive was actually fired for “problematic errors” in managing the finances of the company.
Spokeswoman of Watchout Lin Zu-yi ( ) had told local media that upon the discovery of questionable finances, the company had deemed that the problem was too severe to be kept internally, and went on to remove Liulin from his post publicly.
The Citizen 1985 Action
Alli- ance, of which Liulin was also a founder, stripped him of his authority in a statement on the same day as a result of questionable financial conduct.
Following the removal of his authority, Taipei Mayor KoWen-je (
), who had previously praised Liulin publicly for his personal integrity and efforts in the mayor’s Taipei City Government Citizen Participation Committee, was subjected to media scrutiny for being affiliated with the individual. On June 8, Ko reportedly accepted the resignation of Liulin from the said committee while Liulin was unreachable for comment.
Previously, the alliance had also said that it would not disregard the possibility of bringing a lawsuit against Liulin for potential damages to the reputation of the alliance, and acted upon the statement yesterday to sue him at the Taipei District Prosecutors Office.
Aside from the alliance’s lawsuit, Taipei prosecutors have also put prosecutor Huang Hsiu-min in charge of investigating embezzle- ment claims against Liulin issued by Watchout.
Liulin Embezzeled NT$2 Million from Company:
Yesterday, Watchout released an official statement further explaining the removal of Liulin.
The company stated that Liulin had embezzled NT$2 million from the company without notice and authorization, which resulted in his termination on June 5.
In response, Liulin also came forward publicly for the first time since June 6 to defend his reputation.
Liulin said that he had set up a personal account to manage the finances of the company overseas with ease, and had transferred NT$2 million in case the company suffered any financial setbacks in the future.
The former founder then said the amount was returned to the company’s account in full on June 2, with an account passbook to prove that there were no transactions from the private account.