Beleaguered Chung Shing Bank president (
After being questioned for eight hours at the Investigation Bureau, Wang was handed over to prosecutors again last night for further questioning.
Wang also said he would be willing to be interviewed together with the bank's former general manager, Wang Shuen-ren (
PHOTO: CHEN CHENG-CHANG, TAIPEI TIMESN
After being questioned by prosecutors for three hours last night, Wang was released from custody on bail set at NT$3 million. Prosecutors have indicated that Wang is suspected of breaking the law and betraying the trust of depositors at the bank.
Wang Yu-yun had earlier agreed that the loan procedures were flawed, but reiterated his own innocence.
"I have told the Bureau of Monetary Affairs [BMA}, Ministry of Finance, that I was in China [during the time the loans in question were granted]. Wang Shuen-ren faxed me documents and asked me to sign them, but I did not agree, nor did I sign. It was not until I came back to Taiwan and the BMA inspection found that the loans were illegal that he asked me to confirm retroactively," Wang said.
"Although the amount of money was huge and the procedures were flawed, the board of managing directors has since requested Taiwan Pineapple to offer real estate collateral," he added.
He also maintained that the bank's board of managing directors was not at all responsible for the case and that he did not know about the loans in advance.
"If I had known about them, they would not have been granted," he said.
Media reports have claimed that a member of Chung Shing Bank's board of directors acted as a "middleman" between Huang Tsung-hung (黃宗宏), the chairman of Taiwan Pineapple Corp, and the bank. It has also been suggested that some members of the board had received under-the-table payments in return.
Wang, however, angrily refuted such speculation.
"Huang often visited myself and the general manager [Wang Shuen-ren]; he has been our customer for over two years. How could there be any middleman?" he said.
Wang Ching-lien (王清連), a member of Chung Shing Bank's board of managing directors, and who was rumored to be the "middleman," was summoned to the Investigation Bureau for questioning yesterday. Asked by the media, he denied such rumors and maintained that he personally -- along with the whole board -- had been opposed to the loans in the first place.
Prosecutors had not summoned Wang Yu-yun before. Accompanied by his lawyer, he appeared at the Taipei District Prosecutors Office yesterday morning.
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