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
PREPAREDNESS: Given the difficulty of importing ammunition during wartime, the Ministry of National Defense said it would prioritize ‘coproduction’ partnerships A newly formed unit of the Marine Corps tasked with land-based security operations has recently replaced its aging, domestically produced rifles with more advanced, US-made M4A1 rifles, a source said yesterday. The unnamed source familiar with the matter said the First Security Battalion of the Marine Corps’ Air Defense and Base Guard Group has replaced its older T65K2 rifles, which have been in service since the late 1980s, with the newly received M4A1s. The source did not say exactly when the upgrade took place or how many M4A1s were issued to the battalion. The confirmation came after Chinese-language media reported
The Taiwanese passport ranked 33rd in a global listing of passports by convenience this month, rising three places from last month’s ranking, but matching its position in January last year. The Henley Passport Index, an international ranking of passports by the number of designations its holder can travel to without a visa, showed that the Taiwan passport enables holders to travel to 139 countries and territories without a visa. Singapore’s passport was ranked the most powerful with visa-free access to 192 destinations out of 227, according to the index published on Tuesday by UK-based migration investment consultancy firm Henley and Partners. Japan’s and
A Ministry of Foreign Affairs official yesterday said that a delegation that visited China for an APEC meeting did not receive any kind of treatment that downgraded Taiwan’s sovereignty. Department of International Organizations Director-General Jonathan Sun (孫儉元) said that he and a group of ministry officials visited Shenzhen, China, to attend the APEC Informal Senior Officials’ Meeting last month. The trip went “smoothly and safely” for all Taiwanese delegates, as the Chinese side arranged the trip in accordance with long-standing practices, Sun said at the ministry’s weekly briefing. The Taiwanese group did not encounter any political suppression, he said. Sun made the remarks when
BROAD AGREEMENT: The two are nearing a trade deal to reduce Taiwan’s tariff to 15% and a commitment for TSMC to build five more fabs, a ‘New York Times’ report said Taiwan and the US have reached a broad consensus on a trade deal, the Executive Yuan’s Office of Trade Negotiations said yesterday, after a report said that Washington is set to reduce Taiwan’s tariff rate to 15 percent. The New York Times on Monday reported that the two nations are nearing a trade deal to reduce Taiwan’s tariff rate to 15 percent and commit Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to building at least five more facilities in the US. “The agreement, which has been under negotiation for months, is being legally scrubbed and could be announced this month,” the paper said,
RSS