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.
A year-long renovation of Taipei’s Bangka Park (艋舺公園) began yesterday, as city workers fenced off the site and cleared out belongings left by homeless residents who had been living there. Despite protests from displaced residents, a city official defended the government’s relocation efforts, saying transitional housing has been offered. The renovation of the park in Taipei’s Wanhua District (萬華), near Longshan Temple (龍山寺), began at 9am yesterday, as about 20 homeless people packed their belongings and left after being asked to move by city personnel. Among them was a 90-year-old woman surnamed Wang (王), who last week said that she had no plans
TO BE APPEALED: The environment ministry said coal reduction goals had to be reached within two months, which was against the principle of legitimate expectation The Taipei High Administrative Court on Thursday ruled in favor of the Taichung Environmental Protection Bureau in its administrative litigation against the Ministry of Environment for the rescission of a NT$18 million fine (US$609,570) imposed by the bureau on the Taichung Power Plant in 2019 for alleged excess coal power generation. The bureau in November 2019 revised what it said was a “slip of the pen” in the text of the operating permit granted to the plant — which is run by Taiwan Power Co (Taipower) — in October 2017. The permit originally read: “reduce coal use by 40 percent from Jan.
China might accelerate its strategic actions toward Taiwan, the South China Sea and across the first island chain, after the US officially entered a military conflict with Iran, as Beijing would perceive Washington as incapable of fighting a two-front war, a military expert said yesterday. The US’ ongoing conflict with Iran is not merely an act of retaliation or a “delaying tactic,” but a strategic military campaign aimed at dismantling Tehran’s nuclear capabilities and reshaping the regional order in the Middle East, said National Defense University distinguished adjunct lecturer Holmes Liao (廖宏祥), former McDonnell Douglas Aerospace representative in Taiwan. If
‘SPEY’ REACTION: Beijing said its Eastern Theater Command ‘organized troops to monitor and guard the entire process’ of a Taiwan Strait transit China sent 74 warplanes toward Taiwan between late Thursday and early yesterday, 61 of which crossed the median line in the Taiwan Strait. It was not clear why so many planes were scrambled, said the Ministry of National Defense, which tabulated the flights. The aircraft were sent in two separate tranches, the ministry said. The Ministry of Foreign Affairs on Thursday “confirmed and welcomed” a transit by the British Royal Navy’s HMS Spey, a River-class offshore patrol vessel, through the Taiwan Strait a day earlier. The ship’s transit “once again [reaffirmed the Strait’s] status as international waters,” the foreign ministry said. “Such transits by