A large team of special agents from the Bureau of Investigation raided the headquarters of Rebar Asia-Pacific Group (
Taipei District Prosecutors Office Spokesman Lin Jinn-tsun (林錦村) said that four prosecutors and more than 150 special agents were assigned to qquestion personnel involved in the case.
After receiving warrants, the investigators raided offices and residences in Taipei City and Taipei and Ilan counties. The raids began at 9am, and were ongoing at press time last night.
At the Rebar Group's headquarters on Zhongxiao E Road in Taipei, Prosecutor Lu Hsiao-yun (盧筱筠) led a group of special agents during the raid and questioned Wang Lin-chiao, group owner Wang You-theng's (王又曾) seventh child. After a short interrogation, Wang Lin-chiao left with a small group of agents, but he returned to his headquarters at around 3pm.
He later told reporters that he had guided the special agents in a raid on his residence.
"I was simply cooperating with them [the agents]. At this time, I feel awkward about the relationship and feelings between me and my father," Wang Lin-chiao said.
Wang Lin-chiao told reporters that, whatever happened, Wang You-theng was still his father, although he felt bad that what his father had done may not be acceptable. It was difficult for him to face the public and explain his relationship with his father, he said.
In addition to Wang Lin-chiao, Lu questioned Wang You-theng's father-in-law, as prosecutors believed that Wang You-theng used his father-in-law's name to open accounts used for money laundering.
The Rebar Group scandal seriously impacted on at least five of its publicly traded affiliates, including China Rebar (
Additional reporting by Amber Chung
also see stories:
S&P cites low risk, government action in calm over Rebar
Lawmakers finger finance regulator over Rebar case
Union Insurance suffers credit rating downgrade on links to troubled firms
Taiwan has arranged for about 8 million barrels of crude oil, or about one-third of its monthly needs, to be shipped from the Red Sea this month to bypass the Strait of Hormuz and ease domestic supply pressures, CPC Corp, Taiwan (CPC, 台灣中油) said yesterday. The state-run oil company has worked with Middle Eastern suppliers to secure routes other than the Strait of Hormuz, through which about 20 percent of the world’s oil and liquefied natural gas typically passes, CPC chairman Fang Jeng-zen (方振仁) said at a meeting of the legislature’s Economics Committee in Taipei. Suppliers in Saudi Arabia have indicated they
A global survey showed that 60 percent of Taiwanese had attained higher education, second only to Canada, the Ministry of the Interior said. Taiwan easily surpassed the global average of 43 percent and ranked ahead of major economies, including Japan, South Korea and the US, data from the Organisation for Economic Co-operation and Development (OECD) for 2024 showed. Taiwan has a high literacy rate, data released by the ministry showed. As of the end of last year, Taiwan had 20.617 million people aged 15 or older, accounting for 88.5 percent of the total population, with a literacy rate of 99.4 percent, the data
CCP ‘PAWN’? Beijing could use the KMT chairwoman’s visit to signal to the world that many people in Taiwan support the ‘one China’ principle, an academic said Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday arrived in China for a “peace” mission and potential meeting with Chinese President Xi Jinping (習近平), while a Taiwanese minister detailed the number of Chinese warships currently deployed around the nation. Cheng is visiting at a time of increased Chinese military pressure on Taiwan, as the opposition-dominated Legislative Yuan stalls a government plan for US$40 billion in extra defense spending. Speaking to reporters before going to the airport, Cheng said she was going on a “historic journey for peace,” but added that some people felt uneasy about her trip. “If you truly love Taiwan,
NEW LOW: The council in 2024 based predictions on a pessimistic estimate for the nation’s total fertility rate of 0.84, but last year that rate was 0.69, 17 percent lower An expected National Development Council (NDC) report expects the nation’s population to drop below 12 million by 2065, with the old-age dependency ratio to top 100 percent sooner than 2070, sources said yesterday. The council is slated to release its latest population projections in August, using an ultra-low fertility model, the sources said. The previous report projected that Taiwan’s population would fall to 14.37 million by 2070, but based on a new estimate of the total fertility rate (TFR) — the average number of children born to a woman over her lifetime — the population is expected to reach 12 million by