The Taipei District Court ruled yesterday that 10 defendants connected with the Rebar Asia Pacific Group (力霸亞太企業集團) scandal will remain in custody for two more months after their current custody term expires.
The court said the defendants -- who include several family members of Wang You-theng (王又曾), the fugitive founder of the Rebar Asia Pacific Group -- had embezzled money from various subsidiaries of the Rebar group and had played major roles in the scheme.
The evidence is against them, Taipei District Court spokesman Liu Shou-sung (
The embezzlement not only affected the economy, but has had widespread ramifications for society as a whole, Liu said.
Liu said that to facilitate the trial, the defendants would be held in custody until Dec. 8.
Also, as they have committed felonies, there is no limit on the number of times their custody can be extended, which under other circumstances would be limited to once or twice.
The 10 defendants include Wang's younger brother Frank Wang (
In a March indictment, the prosecution said the Wang family had obtained illegal benefits by setting up numerous dummy corporations through which they engaged in fraud, insider trading and embezzlement on a massive scale.
The scandal came to light in early January when two of its member companies -- Chia Hsin Food and Synthetic Co and China Rebar Co -- filed for bankruptcy restructuring with the Taipei District Court.
The move sparked a run on the Chinese Bank, another Rebar subsidiary that has since been taken over by the state-run Central Deposit Insurance Corp (
Wang You-theng and his wife, Wang Chin She-ying (王金世英), are on the nation's most-wanted list.
A group of Taiwanese-American and Tibetan-American students at Harvard University on Saturday disrupted Chinese Ambassador to the US Xie Feng’s (謝鋒) speech at the school, accusing him of being responsible for numerous human rights violations. Four students — two Taiwanese Americans and two from Tibet — held up banners inside a conference hall where Xie was delivering a speech at the opening ceremony of the Harvard Kennedy School China Conference 2024. In a video clip provided by the Coalition of Students Resisting the CCP (Chinese Communist Party), Taiwanese-American Cosette Wu (吳亭樺) and Tibetan-American Tsering Yangchen are seen holding banners that together read:
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Heat advisories were in effect for nine administrative regions yesterday afternoon as warm southwesterly winds pushed temperatures above 38°C in parts of southern Taiwan, the Central Weather Administration (CWA) said. As of 3:30pm yesterday, Tainan’s Yujing District (玉井) had recorded the day’s highest temperature of 39.7°C, though the measurement will not be included in Taiwan’s official heat records since Yujing is an automatic rather than manually operated weather station, the CWA said. Highs recorded in other areas were 38.7°C in Kaohsiung’s Neimen District (內門), 38.2°C in Chiayi City and 38.1°C in Pingtung’s Sandimen Township (三地門), CWA data showed. The spell of scorching