Fri, Feb 01, 2008 - Page 2 News List

Weather delays Wang Hsuan-jen's return from China

STAFF WRITER , WITH CNA

A fugitive former senior executive of the Chung Shing Bank convicted in an illegal loan case will be repatriated from China in the near future, prosecution authorities said on Wednesday.

The Taipei Prosecutor's Office said Chinese authorities were originally scheduled to repatriate Wang Hsuan-jen (王宣仁), a former Chung Shing Bank general manager who fled to China last May, to Matsu island on Wednesday via the "mini three links" shipping route.

However, his repatriation was deferred as a result of inclement weather and rough seas in the Taiwan Strait, a prosecutor said, adding that the deportation would be rescheduled when the weather improves.

Chinese authorities informed Taiwan on Jan. 24, via the Red Cross Society and other communication channels, that Wang had been arrested in Shanghai and would be repatriated from Fujian Province.

"We appreciate China's goodwill in taking the initiative to arrest a major Taiwanese economic criminal for repatriation," said the prosecutor, who preferred to remain anonymous.

China would hopefully continue to cooperate with Taiwan in fighting crime by repatriating many notorious Taiwanese fugitives hiding in China, the official said.

Wang was sentenced to six years and eight months in prison last April for his role in a Taiwan Pineapple Corp (TPC) illegal loan case. He fled Taiwan before he was to begin serving his time in prison on May 3.

Wang was convicted of conspiring with TPC chairman Huang Tsung-hung (黃宗宏) to use dummy accounts to borrow money from Chung Shing Bank in violation of a regulation that prohibits banks from lending more than 40 percent of their previous fiscal year's net worth to a single customer.

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