Mon, Mar 15, 2004 - Page 2 News List

A journey from riches to ragged scandal

DONATIONS Huang Tsung-hung, 48-year-old former chairman of the Taiwan Pineapple Group, took his company to great heights. And then came the decline

By Jimmy Chuang  /  STAFF REPORTER

With business expanding quickly, Huang Tsung-hung turned his attention to stock investments and real estate deals. But when the international economy started slowing in 1997, Huang started losing money on his investments and monetary problems started to surface.

In the meantime, his close relations with politicians, celebrities and other businessmen also brought him lots of problems, since most of these connections concerned money. As law enforcement officials started investigations into these relations, the crisis deepened for Huang Tsung-hung amid ever-widening accusations.

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