Tycoon Wang Yu-yun (
On April 26, Wang, the former president of Chung Shing Commercial Bank (中興銀行), received a seven-year jail sentence on charges of abusing the bank's funds. He was found guilty of mismanaging bad loans valued at more than NT$80 billion (US$2.4 billion).
NOTICES
Kaohsiung District Prosecutors' Office spokesman Chung Chung-hsiao (鍾忠孝) told reporters yesterday that twice last month the office had issued a notice to Wang ordering him to report to prosecutors and begin his prison sentence, but Wang did not show up.
Chung said prosecutors issued an arrest warrant for Wang on Thursday, adding that if police failed to arrest him or if he did not give himself up in the next few days, prosecutors would place Wang on the wanted list.
Chung said Kaohsiung police have interviewed Wang family members and some of his business associates, adding that Wang was not believed to be in Kaohsiung.
Wang, a senior Chinese Nationalist Party (KMT) member and Kaohsiung mayor from 1973 to 1981, was indicted in 2000 and has been prohibited from leaving the country since 2002.
CHINA
Prosecutors suspect Wang may have used a boat to flee to China, Chung said.
A report yesterday in the Chinese-language United Daily News said that Wang may be hiding in Hangzhou, Zhejiang Province, as he runs businesses there.
Chung said, however, that prosecutors were not privy to such information.
Financial officers said that Wang had transferred most of his assets and properties to China and other countries before facing prosecutors.
The judicial system has come under fire for allowing convicted criminals -- especially white-collar ones -- to roam freely.
Prosecutors argue it is difficult to supervise suspects and convicted criminals who have not been detained, a situation that is compounded by the fact that it is not difficult to flee to China by boat.
TAIWAN PROTECTION MEASURE: US Army General Charles Flynn would not say where in the Asia-Pacific the missiles would be sent, but only that they would arrive in 2024 The US is to send medium-range missiles including the Standard Missile 6 (SM-6) and Tomahawk to the Asia-Pacific next year to deter a Chinese attack on Taiwan, US military news Web site Defense One reported. The report cited comments US Army General Charles Flynn made during the annual Halifax International Security Forum on Nov. 19. “We have tested them and we have a battery or two of them today,” Flynn was quoted as saying. “In [20]24. We intend to deploy that system in your region. I’m not going to say where and when. But I will just say that we will
UNUSUAL UPTICK: There are more flu-like illnesses in northern China than in the past 3 years, but data from Beijing showed that known pathogens are responsible Responding to an uptick in respiratory illnesses in China, the Centers for Disease Control (CDC) yesterday said it has instructed international airport and port quarantine centers to raise their alert levels, and plans to issue an alert to healthcare practitioners. The number of flu-like illnesses reported in northern China has been increasing for five consecutive weeks, and is higher than the same period in the past three years, CDC Deputy Director-General Philip Lo (羅一鈞) said. “According to the WHO’s latest statement, issued yesterday, information provided by Chinese government showed that the illnesses were mainly reported among children, and the illnesses were attributed
LOYALTY: The 10 active and retired soldiers betrayed the nation and its people by leaking and passing on military secrets to China, the High Prosecutors’ Office said Ten former and current military officers were yesterday indicted on charges of spying for China, including two who allegedly filmed themselves pledging loyalty to Beijing. The High Prosecutors’ Office requested life imprisonment for the suspects in light of the severity of the crime. The 10 active-duty and retired officers included members of the 601st Brigade of the Aviation Special Forces comprising attack helicopter squadrons and elite combat units in charge of defending northern Taiwan, including Taipei. The other suspects came from Huadong Defense Command, in charge of defending the eastern coast; Kinmen Defense Command, in charge of defending Kinmen and Matsu; and one
‘OPEN TO DIALOGUE’: Her alliance with Vice President William Lai is based on their commitment to preserve the nation’s freedom and democracy, Hsiao Bi-khim said Taiwan should “trust, but verify” reports that Chinese President Xi Jinping (習近平) denied that Beijing plans to invade Taiwan in 2027, Democratic Progressive Party (DPP) vice presidential candidate Hsiao Bi-khim (蕭美琴) told reporters yesterday. “We anticipate and we hope that Chairman Xi Jinping was sincere when he said there was no timetable” for bringing Taiwan under control by force, said Hsiao, who earlier this week resigned as the representative to the US to join the ticket of DPP nominee, Vice President William Lai (賴清德). Borrowing a phrase from former US president Ronald Reagan — which US President Joe Biden also used after
RSS