The Taipei District Court yesterday upheld a previous ruling, saying that four family members of Wang You-theng (王又曾), the fugitive founder of the Rebar Asia Pacific Group (力霸亞太企業集團), may be released if they post NT$150 million (US$4.6 million) in bail.
The Taipei District Court on Feb. 4 announced that Wang's younger brother, Frank Wang (王事展), and three of Wang You-theng's children -- China Rebar Co (中國力霸) vice chairman Wang Lin-tai (王令台), Asia Pacific Broadband Telecom Co (亞太固網寬頻) president Wang Lin-i (王令一) and Chia Hsin Food and Synthetic Fiber Co (嘉新食品化纖) chairman Wang Lin-chiao (王令僑) -- could be released after payment of the bail.
The Taipei District Prosecutors' Office filed an appeal with the Taiwan High Court on that day in an attempt to overturn the district court's decision and requested that the suspects be held without bail.
The high court later decided that the Taipei District Court must re-examine its ruling.
The district court held the hearing yesterday afternoon.
The four suspects promised they would not flee from the county and appealed to the court to lower the amount of bail, but the court at 5:30pm decided to maintain its former ruling.
The four were then returned to a detention center.
In an indictment last March, the prosecution said the Wang family obtained illegal benefits by setting up numerous dummy corporations through which they engaged in fraud, insider trading and embezzlement.
The scandal broke in January last year when two Rebar member companies -- Chia Hsin Food and Synthetic Co and China Rebar Co -- filed for bankruptcy restructuring with the Taipei District Court, sparking a run on the Chinese Bank (
Wang You-theng and his wife, Wang Chin She-ying (
The Japan-Taiwan Exchange Association has cautioned Japanese travelers to be vigilant against pickpockets at several popular tourist spots in Taiwan, including Taipei’s night markets, the Yongkang Street area, Zhongshan MRT Station, and Jiufen (九份) in New Taipei City. The advisory, titled “Recent Development of Concerns,” was posted on the association’s Web site under its safety and emergency report section. It urges travelers to keep backpacks fully zipped and carried in front, with valuables placed at the bottom of the bag. Visitors are advised to be especially mindful of their belongings when taking photos or speaking on the phone, avoid storing wallets and
ENDORSING TAIWAN: Honduran presidential candidate Nasry Afura said that Honduras was ‘100 times better off’ when it was allied with Taipei The Ministry of Foreign Affairs yesterday said it would explore the possibility of restoring diplomatic relations with Honduras based on the principle of maintaining national interests and dignity. The ministry made the remarks in response to reporters’ questions regarding an article titled: “Will Taiwan Regain a Diplomatic Ally?” published in The Diplomat on Saturday. The article said Honduras’ presidential election in November could offer Taiwan the chance to regain an ally, as multiple candidates have promoted re-establishing diplomatic relations with Taiwan. Honduras severed diplomatic ties with Taiwan in March 2023 in favor of Beijing, but since switching its diplomatic recognition,
Scoot announced yesterday that starting in October, it would increase flights between Taipei and Japan’s Narita airport and Hokkaido, and between Singapore and Taipei. The low-cost airline, a subsidiary of Singapore Airlines, also said it would launch flights to Chiang Rai in Thailand, Okinawa and Tokyo’s Haneda airport between December and March next year. Flights between Singapore and Chiang Rai would begin on Jan. 1, with five flights per week operated by an Embraer E190-E2 aircraft, Scoot said. Flights between Singapore and Okinawa would begin on Dec. 15, with three flights per week operated by Airbus A320 aircraft, the airline said. Services between Singapore
The Mainland Affairs Council (MAC) yesterday announced a ban on all current and former government officials from traveling to China to attend a military parade on Sept. 3, which Beijing is to hold to mark the 80th anniversary of the end of the Second Sino-Japanese War. "This year marks the 80th anniversary of the end of World War II and the Republic of China’s victory in the War of Resistance [Against Japan]," MAC Deputy Minister and spokesperson Liang Wen-chieh (梁文傑) told a regular news briefing in Taipei. To prevent Beijing from using the Sept. 3 military parade and related events for "united
RSS