Career
He was the first president to preside over a Legislative Yuan entirely elected by residents of the Taiwan Area (after the retirement of the elderly mainland representatives in December 1991). In 1998, during his tenure as legislative speaker, Liu used his status as the former chairman of Taichung Business Bank to broker a Northwest Territories$1.5 billion loan to the Kuangsan Group, and in return he received a bribe of Northwest Territories$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.
He was eventually sentenced to four years in prison for breach of trust and given a Northwest Territories$30 million fine.
However, the constitutionality of his conviction is currently being reviewed. He then joined the People First Party in 2000.
After he was suspected with black gold 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.
He was subsequently listed as a fugitive.
