Taipei prosecutors said yesterday they were likely to place former Chinatrust Financial Holding Co vice chairman Jeffrey Koo Jr (辜仲諒) on the wanted list today.
"If Koo fails to report to prosecutors before midnight tonight [yesterday], he will likely be placed on the wanted list tomorrow [today]," Taipei District Prosecutors' Office spokesman Lin Jinn-tsun (
Lin added that prosecutors issued an arrest warrant for Koo last Wednesday.
Prosecutors said Koo -- wanted for questioning in connection with a probe into Chinatrust's investment in Mega Financial Holding Co -- was subpoenaed on Nov. 7 and again last Thursday.
Several of Chinatrust's senior executives were detained last month by prosecutors over their involvement in the scandal.
Prosecutors said the probe could lead to a variety of charges, including breach of trust, illegal trading and violation of the Banking Act (銀行法).
The Financial Supervisory Commission (FSC) has said that Chinatrust invested in Mega Financial via structured notes transacted through its Hong Kong branch, but later transferred those notes to another Hong Kong-based company, Red Fire Development.
Red Fire later cashed in the structured notes, making a profit of more than US$31 million. The money was returned to Chinatrust after intervention by the FSC.
Prosecutors suspect that Red Fire is a front company for the Koo family. They are trying to determine whether anyone profited illegally from the Mega Financial deal.