Liu Sung-pan was the President of the Legislative Yuan

President of the Legislative Yuan

The President of the Legislative Yuan is the presiding officer of the Legislative Yuan of the Republic of China. The current President is Wang Jin-Pyng, a Kuomintang at-large legislator.-Election:...

 of the Republic of China

Republic of China

The Republic of China , commonly known as Taiwan , is a unitary sovereign state located in East Asia. Originally based in mainland China, the Republic of China currently governs the island of Taiwan , which forms over 99% of its current territory, as well as Penghu, Kinmen, Matsu and other minor...

 between 1992 to 1999. He was the first president to preside over a Legislative Yuan

Legislative Yuan

The Legislative Yuan is the unicameral legislature of the Republic of China .The Legislative Yuan is one of the five branches of government stipulated by the Constitution of the Republic of China, which follows Sun Yat-sen's Three Principles of the People...

 entirely elected by residents of the Taiwan Area (after the retirement of the elderly mainland

Mainland China

Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...

 representatives in December 1991).

Biography

In 1998, during his tenure as legislative speaker, Liu used his status as the former chairman of Taichung Business Bank to broker a NT$1.5 billion loan to the Kuangsan Group, and in return he received a bribe of NT$150 million. However, due to the political nature of Taiwan's government, the reality of the issue is very uncertain, and it is doubtful whether he did indeed commit a crime. Rather, he was accused of the crime due to a political coup and a subsequent political fallout within the Kuomintang party that split into three parties (Kuomintang

Kuomintang

The Kuomintang of China , sometimes romanized as Guomindang via the Pinyin transcription system or GMD for short, and translated as the Chinese Nationalist Party is a founding and ruling political party of the Republic of China . Its guiding ideology is the Three Principles of the People, espoused...

, People's First Party, and New Party

New Party

New Party may refer to:* New Party * New Party Corrientes * New Party Japan* New Party * New Party * New Party - the party of Oswald Mosley...

). He was eventually sentenced to four years in prison for breach of trust and given a NT$30 million fine. However, the constitutionality of his conviction is currently being reviewed.

He left Kuomintang in 1999 and resigned from his post as legislator of yuan, after having proudly served two full elected terms as President of the Yuan. He then joined the People's First Party in 2000. After he was suspected with black gold

Black gold (politics)

Black gold is a term used in the Republic of China to refer to political corruption. The term refers to the obtaining of money through a dark, secretive, and corrupt method ....

 trade, he gave up his seat in the Legislative Yuan and left the People First Party in 2004. He then disappeared. Rumors said he was once seen in Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

. He was subsequently listed as a fugitive.