The declaration sought in the green technology fraud case has been published

• Wang Chun-chung, Jason Pan and Kayleigh Madjar / Staff reporters, with staff writer

Prosecutors this morning issued a wanted bulletin for former Taiyen Biotech Co (台鹽生技) chairman Chen Chi-yu (陳啟昱), who disappeared after being named a suspect in a fraud case related to solar energy projects.

After being questioned and released on October 24, the Tainan District Prosecutor’s Office summoned Chen for more questions on Friday, but Chen could not be found at his home in Kaohsiung’s Chishan District (旗山).

Anyone with information on Chen’s whereabouts is encouraged to call the office at 06-2959731 ext. 6900.

Photo courtesy of Taiyen Biotech

Prosecutors are also investigating four other executives in connection with the case involving allegations of nearly NT$300 million (US$9.38 million) in illegal profits involving Taiyen Green Energy Co (台鹽綠能), a subsidiary of Taiyen Biotech Co. .

After questioning the executives on October 23, prosecutors requested their arrest on suspicion of violating the Criminal Code and the Securities and Exchanges Act (證券交易法), including allegations of fraud, breach of trust, and publishing an official document containing false information. .

Prosecutors alleged that Chen and other executives colluded with other firms to file false revenue reports and forged documents to secure bids for solar farm projects and related construction work in southern Taiwan.