Fri, Feb 29, 2008 - Page 4 News List

China repatriates fugitive Wang

GROUP LOT The former Chung Shing Bank general manager was one of 25 criminals repatriated by ferry via the Matsu islands from Fuzhou City yesterday

STAFF WRITER , WITH CNA

Members of the National Police Agency's Criminal Investigation Bureau escort Wang Hsuan-jen, center, a former Chung Shing Bank general manager, to the Taipei Detention Center after he was repatriated from China yesterday. Wang was one of 25 criminals who unwillingly made the trip.

PHOTO: CHIU CHUN-FU, TAIPEI TIMES

A fugitive former senior executive of the bankrupt Chung Shing Bank, convicted in a scandal involving NT$7.4 billion (US$239 million) in illegal loans, was repatriated from China yesterday, law enforcement authorities said.

Wang Hsuan-jen (王宣仁), a former general manager of the Kaohsiung-based bank who fled to China in May last year, was repatriated from Fuzhou City, Fujian Province, to Matsu aboard the Chinese ferry The Strait.

After arriving in Matsu, Wang was airlifted aboard a police helicopter to Taipei under the escort of Criminal Investigation Bureau (CIB) officials.

The repatriation made Wang the first major Taiwanese economic criminal to be repatriated from China since the Kinmen Agreement was signed on Sept. 12, 1990.

CIB officials said Chinese authorities had planned to repatriate Wang on Jan. 29, but this was postponed as a result of inclement weather and rough seas.

APPRECIATION

Taiwanese prosecutors have expressed appreciation toward China for taking the initiative to arrest Wang in Shanghai on Jan. 24.

The prosecutors urged China to continue to cooperate with Taiwan by repatriating other notorious Taiwanese fugitives, including former Chung Shing Bank chairman Wang Yu-yun (王玉雲) and his son Wang Chih-hsiung (王世雄), a board director of the bank. The pair were convicted in the same trial as Wang Hsuan-jen.

Wang Hsuan-jen, who is not related to Wang Yu-yun and Wang Chih-hsiung, was sentenced to six years and eight months in prison in April last year for his role in the illegal loan case involving Taiwan Pineapple Corp. He fled Taiwan before he was due to begin serving his sentence on May 3 last year.

Wang Hsuan-jen was convicted of conspiring with Pineapple Corp chairman Huang Tsung-hung (黃宗宏) to set up dummy accounts to borrow money from the 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. The illegal loans exceeded NT$7.4 billion.

AUCTION

Chung Shing Bank was auctioned off by the government-run Central Deposit Insurance Corp to Union Bank of Taiwan in 2005.

Wang Hsuan-jen was one of 25 Taiwanese criminals repatriated from China yesterday. The other 24 included fugitives and those who have served their time in China.

Meanwhile, Taiwanese authorities repatriated Chinese hijacker Wong Zhihua (王志華) via Matsu yesterday.

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