Housing agency chief clashes with lawmaker over Zhaoji bond scandal

Aug 26, 2026

A closed-door meeting meant to help victims of a Taiwanese property-management bond collapse turned into a shouting match between a government housing official and an opposition lawmaker — bad news for the investors still waiting on answers.

  • Li Chien-cheng, former chairman of Zhaoji property management, is in detention over suspected hollowing out of corporate bond money raised through his firm.
  • Victims want Hua Ching-chun, chairman of the National Housing and Urban Regeneration Center, to apologize and take responsibility; he said he would apologize if it makes people feel better.
  • Chen Chao-tzu of the Taiwan People's Party accused him of being unusually close to Li — awards, joint appearances, drinks together — and said state fund involvement lured people into the trap.
  • Hua admitted they are friends but denied any wrongdoing, said he only learned of the bond trouble in early August, and called the insinuation immoral.
  • Other lawmakers complained that every official present was busy distancing themselves, trying to pin the whole affair on one man.

Outlook: With the criminal case still moving and no agency taking responsibility, victims are unlikely to see concrete legal help soon.

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