Sat, Oct 13, 2012 - Page 4 News List

Former banker and KMT lawmaker Wang repatriated

By Jake Chung  /  Staff writer, with CNA

Former Chinese Nationalist Party (KMT) legislator Wang Chih-hsiung (王志雄) was repatriated to Taiwan by agents of the Ministry of Justice’s Investigation Bureau last night after being arrested in Shanghai by Chinese authorities.

The son of former Chung Hsing Bank president Wang Yu-yun (王玉雲), the 61-year-old former vice chairman of the Chung Hsing Bank, Wang Chih-hsiung, was first elected to the legislature in 1989 and again in 1995.

He was implicated in a phoney credit loan case in 2004, but despite repeated subpoenas he failed to show up in court. The court subsequently issued a wanted notice in 2005 and began trial procedures.

After fleeing abroad, Wang Chih-hsiung was rumored to be hiding in China — reportedly Shanghai, Kunshan and Hangzhou — as well as bouncing back and forth between China and the US on business trips.

The bureau’s team escorting Wang Chih-hsiung took a 7:50pm flight from Shanghai and arrived at Taiwan Taoyuan International Airport at 9:35pm.

Wang Chih-hsiung was scheduled to be taken directly to the Taipei District Court.

As he is also wanted for money laundering and criminal possession, the lead prosecutor in charge of his case is scheduled to visit and question him.

Wang Yu-yun was indicted in June 2000 in connection with an illegal bank loan case. He fled to China after he received a seven-year sentence in April 2007 — and was reported to have died in China in 2009.

During the heyday of the Wang clan in the late 1980s and 1990s, Wang Chih-hsiung and his younger brother were both legislators, while their father, a former Kaohsiung mayor, was a national policy adviser to the president and their uncle a Control Yuan member.

Additional reporting by Huang Chien-hua

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