Corporate Governance Scandal: FTV Parent Company Unveils NT$500 Million Unauthorized Loan Controversy

On March 22, 2019, following the sudden ouster of FTV Chairman Guo Pei-hung, the parent company 'Minjian Investment' exposed a shocking internal financial and governance scandal. The new management accused Guo of privately carving corporate chops, bypassing normal financial workflows to secure a NT$500 million bank loan under the company's name, and holding the passbooks and seals in unauthorized accounts under his sole control. Although Guo was eventually acquitted of forgery and breach of trust in court, the incident sparked a massive public frenzy over the FTV management war, exposing the total breakdown of treasury controls, lack of standard auditing, and raw factional infighting within the pro-democracy media giant.