Formosa Plastics Questioned for Faking Production Cuts to Inflate Prices; Investigation Summons 6 Witnesses to Clarify
Formosa Plastics Group (FPG) is under investigation for allegedly faking production cuts to inflate plastic bag prices due to supply chain disruptions from the Middle East. Prosecutors have summoned witnesses from FPG. FPG denies the allegations.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 22:09
- 🔍 Collected: April 7, 2026 at 23:00 (51 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 13:15 (302h 14m after Collected)
Due to the impact of the Middle East situation, Taiwan has recently experienced a shortage of plastic bags. Legislator Chung Chia-pin held a press conference on the 1st, stating that Formosa Plastics' Olefin Business Unit, citing upstream raw material supply disruptions, implemented two supply reductions in March and subsequently raised prices. He requested the Ministry of Justice's Investigation Bureau to review Formosa Petrochemical's relevant production and sales data to clarify whether it violated the penal code regarding hoarding.
The Shilin District Prosecutor's Office opened a case on the 2nd and directed the Taipei Investigation Office to retrieve relevant production and sales data. Five personnel from the Formosa Group, including section chiefs and managers from Formosa Petrochemical Corporation and section chiefs and managers from Formosa Plastics Corporation, were notified and questioned as witnesses, and were later released.
The Shilin District Prosecutor's Office today again directed the Taipei Investigation Office to summon the previously mentioned five personnel from the Formosa Group, and additionally summoned one more Formosa Group related person for explanation. The Taipei Investigation Office transferred two witnesses to the Shilin District Prosecutor's Office in the evening. After a hearing, the prosecutors released them, and the case is currently an 'other case' (他字案).
Lin Ke-yen, General Manager of Formosa Petrochemical, responded to the Shilin District Prosecutor's Office opening a case by stating, 'What was not done was not done, and we believe justice will clear the company's name.'
Lin Ke-yen pointed out that the company has prepared documents for the Shilin District Prosecutor's Office and that the company absolutely did not engage in deliberate production cuts or hoarding as accused by the legislator. (Editor: Hsiao Po-wen) 1150407
The Shilin District Prosecutor's Office opened a case on the 2nd and directed the Taipei Investigation Office to retrieve relevant production and sales data. Five personnel from the Formosa Group, including section chiefs and managers from Formosa Petrochemical Corporation and section chiefs and managers from Formosa Plastics Corporation, were notified and questioned as witnesses, and were later released.
The Shilin District Prosecutor's Office today again directed the Taipei Investigation Office to summon the previously mentioned five personnel from the Formosa Group, and additionally summoned one more Formosa Group related person for explanation. The Taipei Investigation Office transferred two witnesses to the Shilin District Prosecutor's Office in the evening. After a hearing, the prosecutors released them, and the case is currently an 'other case' (他字案).
Lin Ke-yen, General Manager of Formosa Petrochemical, responded to the Shilin District Prosecutor's Office opening a case by stating, 'What was not done was not done, and we believe justice will clear the company's name.'
Lin Ke-yen pointed out that the company has prepared documents for the Shilin District Prosecutor's Office and that the company absolutely did not engage in deliberate production cuts or hoarding as accused by the legislator. (Editor: Hsiao Po-wen) 1150407