Lai Pin Yu father just stepped down as CEO of a company in the most famous of cases
Indeed he did. What are your specific allegations and evidence about what corruption has arisen from or is connected to this company?
This is the case referenced in the attack ad. His name is Lai Chin-lin and the company/group is Yunbao Energy, which was founded in 2016. Lai was a DPP legislator during Chen Shui-bian era. His daughter is now a legislator. I believe I have read that he was involved in the drafting of some of Taiwan early renewable energy legislation. He is a long-term opponent of nuclear power.
He invested a relatively small amount in Yunbao and was elected Chairman (not CEO) by the shareholders. I’m sure the fact that he was politically connected was a major factor in the founder/major shareholders’ decision to elect him Chairman.
Another reason might be that the founder was convicted of doing unlicensed futures business for one client who he had a personal relationship with. The founder was sentenced to six months.
Yunbao Energy has grown rapidly but the sector is very hot. Yunbao has made political contributions to many DPP candidates. The senior Lai has too. None of these are enormous sums. Many large Taiwanese companies make political contributions. It is unfortunately not illegal but one can’t expect it not to happen unless the Legislature acts to prohibit it.
I have not seen any evidence that the senior Lai or Yunbao has done anything wrong and he has denied wrongdoing categorically. He has not been investigated, indicted, or convicted. Yes, he stepped down as Chairman recently. That was probably sensible since his daughter was being harassed and she is in a tough election. Also, a Chairman attracting a lot of political attacks is not good for business. So far it looks like a smart business and political decision.
The same appears to be true for Yunbao. Smart money set up a business to go into a highly regulated area where political connections and knowledge of the policy environment would be useful. They have prospered. Their competitors don’t like it. Nor does the KMT which naturally prefers the nuclear energy business because they profited off it greatly during the party-state era and are deeply invested and entrenched in it. Why play a new game on someone else’s home field?
Am I confident that Yunbao and Lai are clean? Absolutely not. But there needs to be evidence especially if your conclusions about an entire industry is premised on this one case. So let’s see what you have.
Google Searches and PTT
I just did a search for ‘Taiwan’s renewable energy industry’ on Google main and Google news. I’m afraid I don’t see any stories about corruption in the industry at all.
While PTT is entertaining, surely you don’t expect me to rely on it as a reliable news source.