TV variety show host Jacky Wu (吳宗憲) yesterday said he would sue a local newspaper for publishing a report claiming he had debts of more than NT$600 million (US$20 million) and most of his properties had been seized by a district court.
The Chinese-language Apple Daily reported yesterday that one of Wu’s creditors, Chin Hsiang-yu (秦庠鈺), recently applied to the Taipei District Court for the seizure of Wu’s properties to repay outstanding debts and the court decided that three of Wu’s properties and bank accounts should be seized.
Apple Daily added that the court action revealed Wu had only NT$1.5 million in cash at his disposal and that had been seized.
It said that because Wu’s Alpha Photonitek Corp (APC) had encountered financial difficulties, Wu had accrued more than NT$600 million in debt, which forced him to sell several luxury homes and cars.
Wu also said he was unable to pay his employees’ salaries, the newspaper reported.
However, Wu said his financial situation was still good and -dismissed the Apple Daily report as nonsense, adding that he would sue its reporters.
Wu was indicted in March by Taipei prosecutors on embezzlement charges. Prosecutors said Wu collaborated with Lienming Mobile Technology chairman Hsu Fang-yang (許豐揚) to skim funds from a deal between the two firms.