Ching Fu Shipbuilding Co News

Controversy Surrounds Missle Boat Contract

According to the report, the problem began last week when People First Party (PFP) Legislator Sun Ta-chien accused companies involved in the bidding of leaning on officials in order to secure a $446 million contract to build 29 missile boats for the navy. According to the report, Sun further alleged that former presidential adviser Chen Che-nan and Vice Minister of Economic Affairs Hou Ho-hsiung pressured the ministry and the firm that won the contract to divert some work to a second company. The Taipei Times report said that Chen and Hou deny having done so. In the wake of Sun's claims, calls are mounting in the legislature for a thorough investigation of the bidding on the missile-boat contract to uncover the truth…