Tycoon Wang Yu-yun (
On April 26, Wang, the former president of Chung Shing Commercial Bank (中興銀行), received a seven-year jail sentence on charges of abusing the bank's funds. He was found guilty of mismanaging bad loans valued at more than NT$80 billion (US$2.4 billion).
NOTICES
Kaohsiung District Prosecutors' Office spokesman Chung Chung-hsiao (鍾忠孝) told reporters yesterday that twice last month the office had issued a notice to Wang ordering him to report to prosecutors and begin his prison sentence, but Wang did not show up.
Chung said prosecutors issued an arrest warrant for Wang on Thursday, adding that if police failed to arrest him or if he did not give himself up in the next few days, prosecutors would place Wang on the wanted list.
Chung said Kaohsiung police have interviewed Wang family members and some of his business associates, adding that Wang was not believed to be in Kaohsiung.
Wang, a senior Chinese Nationalist Party (KMT) member and Kaohsiung mayor from 1973 to 1981, was indicted in 2000 and has been prohibited from leaving the country since 2002.
CHINA
Prosecutors suspect Wang may have used a boat to flee to China, Chung said.
A report yesterday in the Chinese-language United Daily News said that Wang may be hiding in Hangzhou, Zhejiang Province, as he runs businesses there.
Chung said, however, that prosecutors were not privy to such information.
Financial officers said that Wang had transferred most of his assets and properties to China and other countries before facing prosecutors.
The judicial system has come under fire for allowing convicted criminals -- especially white-collar ones -- to roam freely.
Prosecutors argue it is difficult to supervise suspects and convicted criminals who have not been detained, a situation that is compounded by the fact that it is not difficult to flee to China by boat.
‘ABUSE OF POWER’: Lee Chun-yi allegedly used a Control Yuan vehicle to transport his dog to a pet grooming salon and take his wife to restaurants, media reports said Control Yuan Secretary-General Lee Chun-yi (李俊俋) resigned on Sunday night, admitting that he had misused a government vehicle, as reported by the media. Control Yuan Vice President Lee Hung-chun (李鴻鈞) yesterday apologized to the public over the issue. The watchdog body would follow up on similar accusations made by the Chinese Nationalist Party (KMT) and would investigate the alleged misuse of government vehicles by three other Control Yuan members: Su Li-chiung (蘇麗瓊), Lin Yu-jung (林郁容) and Wang Jung-chang (王榮璋), Lee Hung-chun said. Lee Chun-yi in a statement apologized for using a Control Yuan vehicle to transport his dog to a
BEIJING’S ‘PAWN’: ‘We, as Chinese, should never forget our roots, history, culture,’ Want Want Holdings general manager Tsai Wang-ting said at a summit in China The Mainland Affairs Council (MAC) yesterday condemned Want Want China Times Media Group (旺旺中時媒體集團) for making comments at the Cross-Strait Chinese Culture Summit that it said have damaged Taiwan’s sovereignty, adding that it would investigate if the group had colluded with China in the matter and contravened cross-strait regulations. The council issued a statement after Want Want Holdings (旺旺集團有限公司) general manager Tsai Wang-ting (蔡旺庭), the third son of the group’s founder, Tsai Eng-meng (蔡衍明), said at the summit last week that the group originated in “Chinese Taiwan,” and has developed and prospered in “the motherland.” “We, as Chinese, should never
‘A SURVIVAL QUESTION’: US officials have been urging the opposition KMT and TPP not to block defense spending, especially the special defense budget, an official said The US plans to ramp up weapons sales to Taiwan to a level exceeding US President Donald Trump’s first term as part of an effort to deter China as it intensifies military pressure on the nation, two US officials said on condition of anonymity. If US arms sales do accelerate, it could ease worries about the extent of Trump’s commitment to Taiwan. It would also add new friction to the tense US-China relationship. The officials said they expect US approvals for weapons sales to Taiwan over the next four years to surpass those in Trump’s first term, with one of them saying
INDO-PACIFIC REGION: Royal Navy ships exercise the right of freedom of navigation, including in the Taiwan Strait and South China Sea, the UK’s Tony Radakin told a summit Freedom of navigation in the Indo-Pacific region is as important as it is in the English Channel, British Chief of the Defence Staff Admiral Tony Radakin said at a summit in Singapore on Saturday. The remark came as the British Royal Navy’s flagship aircraft carrier, the HMS Prince of Wales, is on an eight-month deployment to the Indo-Pacific region as head of an international carrier strike group. “Upholding the UN Convention on the Law of the Sea, and with it, the principles of the freedom of navigation, in this part of the world matters to us just as it matters in the
RSS