Taipei prosecutors yesterday announced that tycoon Wang Yu-yun (王玉雲) had been placed on the nation's wanted list after he failed to show up to begin his seven-year prison term.
"Wang has been placed on Taiwan's wanted list," Taipei District Prosecutors Office spokesman Lin Jinn-tsun (林錦村) said yesterday.
On April 26, Wang, the former president of Chung Shing Commercial Bank (中興銀行), received a seven-year jail sentence after being convicted of misusing the bank's funds. He was found guilty of mismanaging bad loans valued at more than NT$80 billion (US$2.4 billion).
Prosecutors issued a notice to Wang last month ordering him to report for his incarceration, but Wang failed to show up at the proper time yesterday.
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.
Financial officers said that Wang had transferred most of his assets to China and other countries before facing prosecutors.
Lin said yesterday that Wang likely had fled to China after he was sentenced in April.
Prosecutors suspect Wang may have fled to China by boat.
The judicial system has come under fire for allowing convicted criminals -- especially white-collar ones -- to roam freely.
Minister of Justice Morley Shih (施茂林) said that agents from the ministry's Investigation Bureau who were in charge of monitoring Wang would be held responsible for his failure to appear for incarceration.
The Chinese military has built landing bridge ships designed to expand its amphibious options for a potential assault on Taiwan, but their combat effectiveness is limited due to their high vulnerability, a defense expert said in an analysis published on Monday. Shen Ming-shih (沈明室), a research fellow at the Institute for National Defense and Security Research, said that the deployment of such vessels as part of the Chinese People’s Liberation Army (PLA) Navy’s East Sea Fleet signals a strong focus on Taiwan. However, the ships are highly vulnerable to precision strikes, which means they could be destroyed before they achieve their intended
About 4.2 million tourist arrivals were recorded in the first half of this year, a 10 percent increase from the same period last year, the Tourism Administration said yesterday. The growth continues to be consistent, with the fourth quarter of this year expected to be the peak in Taiwan, the agency said, adding that it plans to promote Taiwan overseas via partnerships and major events. From January to June, 9.14 million international departures were recorded from Taiwan, an 11 percent increase from the same period last year, with 3.3 million headed for Japan, 1.52 million for China and 832,962 to South Korea,
SOVEREIGNTY: The rigs show that Beijing ‘rejects Taiwan’s jurisdiction’ by building in areas where Taipei demands permission to build or alter installations Chinese oil rigs have been sighted just 26 nautical miles (42km), from Taiwan’s exclusive economic zone (EEZ) near Pratas Island (Dongsha Island, 東沙島), posing a threat to Taiwan’s sovereignty if left unchallenged, a brief published by the Jamestown Foundation on Tuesday said. Pratas Island, 444km from Kaohsiung, is northeast of the South China Sea and houses a Taiwanese garrison. The brief, titled “Rigging the Game: PRC Oil Structures Encroach on Taiwan’s Pratas Island” — referring to the People’s Republic of China — analyzed photographs and said that Beijing’s tools to pressure Taiwan now include oil rigs. “Oil rigs now constitute part of Beijing’s
The Taiwan Experience Education Program (TEEP) has funded short-term internships in Taiwan for more than 4,500 young people from more than 40 countries since 2015, with the goal of attracting and retaining international talent, the Ministry of Education said yesterday. Fifty-five colleges launched 514 projects this year, including in fields such as semiconductors, artificial intelligence, medicine and biotechnology, green energy, and sustainability, it said. The program provides research and practical internships in Taiwan for two to six months, and offers cultural exchange and networking opportunities, the ministry said. For example, National Formosa University’s Embedded System and Autopilot Laboratory developed two solar-powered drones in
RSS