• By 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 involving solar projects.

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

Anyone with information about Chen’s whereabouts can call the office at 06-2959731 ext 6900, he said.

Photo courtesy of Taiyen Biotech

Prosecutors are also investigating four other executives in connection with the case, which involves alleged illegal profits of around NT$300 million (US$9.38 million) related to Taiyen Green Energy Co (台鹽綠能), a subsidiary of Taiyen Biotech Co.

After questioning the executives on October 23, prosecutors requested that they be detained on suspicion of contravention of the Penal Code and the Securities and Exchange Law (證券交易法), including alleged fraud, breach of trust and publication of a document official that contains false information. .

Prosecutors alleged that Chen and other executives published fraudulent income reports and falsified documents in collusion with other companies to win bids for solar energy farm projects and related construction work in southern Taiwan.