The board of directors of the Bankers' Association of the Republic of China (
The association yesterday announced four major defaulters, including Rebar Asia Pacific Group (
Wang and his wife, Wang Chin She-ying (
Tuntex Group (
An Feng Group (
Chen was indicted in late 2003 on suspicion of embezzling NT$800 million from his firm. He fled to China and eventually traveled to the US.
Chu was convicted on charges of vote-buying in September 2003 and sentenced to 22 months in jail, but was released on NT$5 million bail before absconding to China later that year.
State-run Mega International Commercial Bank (
Kuangsan Enterprise Group (
Tseng was sentenced to 11 years in jail in 2004 for an embezzlement scandal involving his bank before he fled to China.
The two banks will soon convene the first meeting with other creditor banks to hammer out feasible debt-collection measures, the association said.
The initiative was first mentioned by Hu Sheng-cheng (胡勝正), chairman of the Financial Supervisory Commission.
Additional reporting by Rich Chang
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