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CHT chairman accused over Olympics coverage
Chunghwa Telecom Chairman Guo Shui-yi is being accused of breach of trust after he authorised payment of more than NT$400 million to help ELTA TV cover the NT$500 million fee to obtain the exclusive rights to broadcast this year's Olympics in Taiwan.
According to KMT Taipei City Councillor Yang Zhi-dou, ELTA secured the exclusive broadcasting rights after receiving the NT$400 million from Chunghwa Telecom and an additional NT$80 million from the Sports Administration.
Yang says prior to the Olympics ELTA also collected a total of NT$18 million in fees from the Taiwan Public Television Service and Chinese Television System to broadcast the games and provide footage for domestic news channels.
The city councillor also says he believes Guo acted in violation of his duties with the intention of benefiting himself or a third party, which directly caused Chunghwa Telecom to engage in unlawful transactions inconsistent with its business practices, resulting in the telecoms company incurring significant economic losses.
Yang has lodged an official complaint against the Chunghwa Telecom chairman with the Taipei District Prosecutors' Office for alleged special breach of trust under the Securities and Exchange Act.
