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
UKRAINE, NVIDIA: The US leader said the subject of Russia’s war had come up ‘very strongly,’ while Jenson Huang was hoping that the conversation was good Chinese President Xi Jinping (習近平) and US President Donald Trump had differing takes following their meeting in Busan, South Korea, yesterday. Xi said that the two sides should complete follow-up work as soon as possible to deliver tangible results that would provide “peace of mind” to China, the US and the rest of the world, while Trump hailed the “great success” of the talks. The two discussed trade, including a deal to reduce tariffs slapped on China for its role in the fentanyl trade, as well as cooperation in ending the war in Ukraine, among other issues, but they did not mention
CALL FOR SUPPORT: President William Lai called on lawmakers across party lines to ensure the livelihood of Taiwanese and that national security is protected President William Lai (賴清德) yesterday called for bipartisan support for Taiwan’s investment in self-defense capabilities at the christening and launch of two coast guard vessels at CSBC Corp, Taiwan’s (台灣國際造船) shipyard in Kaohsiung. The Taipei (台北) is the fourth and final ship of the Chiayi-class offshore patrol vessels, and the Siraya (西拉雅) is the Coast Guard Administration’s (CGA) first-ever ocean patrol vessel, the government said. The Taipei is the fourth and final ship of the Chiayi-class offshore patrol vessels with a displacement of about 4,000 tonnes, Lai said. This ship class was ordered as a result of former president Tsai Ing-wen’s (蔡英文) 2018
Japanese Prime Minister Sanae Takaichi yesterday lavished US President Donald Trump with praise and vows of a “golden age” of ties on his visit to Tokyo, before inking a deal with Washington aimed at securing critical minerals. Takaichi — Japan’s first female prime minister — pulled out all the stops for Trump in her opening test on the international stage and even announced that she would nominate him for a Nobel Peace Prize, the White House said. Trump has become increasingly focused on the Nobel since his return to power in January and claims to have ended several conflicts around the world,
GLOBAL PROJECT: Underseas cables ‘are the nervous system of democratic connectivity,’ which is under stress, Member of the European Parliament Rihards Kols said The government yesterday launched an initiative to promote global cooperation on improved security of undersea cables, following reported disruptions of such cables near Taiwan and around the world. The Management Initiative on International Undersea Cables aims to “bring together stakeholders, align standards, promote best practices and turn shared concerns into beneficial cooperation,” Minister of Foreign Affairs Lin Chia-lung (林佳龍) said at a seminar in Taipei. The project would be known as “RISK,” an acronym for risk mitigation, information sharing, systemic reform and knowledge building, he said at the seminar, titled “Taiwan-Europe Subsea Cable Security Cooperation Forum.” Taiwan sits at a vital junction on