Huang Jen-chung (黃任中), famed stock market player and a large-scale tax avoider, died from diabetes-related multiple organ failure yesterday.
He was 63.
Huang, son of former Judicial Yuan president Huang Shao-ku (黃少谷), came to prominence after gaining considerable wealth speculating on the stock market.
However, he also owed NT$1.4 billion in taxes to the National Tax Administration and was jailed for six months last year over the matter.
In addition to jailing him, the Ministry of Justice had been trying to sell his assets to regain the money he owed. However, Huang had apparently transferred most of his assets to friends and family members.
According to a press release from the Taipei Veterans General Hospital, Huang checked in on Oct. 23 last year suffering from diabetes, then checked out on Jan. 15.
However, he returned on Jan. 27, before passing away at 9:55am yesterday.
Regarding the taxes Huang owed, Minister of Justice Chen Ding-nan (陳定南) said the ministry would continue to place pressure on any person or persons who inherited Huang's wealth.
"The person who inherits his assets will also inherit his debts," Chen said.
As of press time yesterday, the Huang family had not announced who would inherit Huang's estate, or what the estate was worth.
According to officials at the National Tax Administration, Huang's outstanding taxes date from 1995, when he netted some NT$5 billion after selling off Far East Air Transport Corp (遠東航空) shares owned by his company -- the Huang Lung Investment Co (皇龍投資).
Huang filed suit with the administrative court, claiming that the tax administration had overstated his profits and therefore had overcharged him.
However, the court ruled against him in November 2002, and the tax administration has been trying to recover the outstanding amount ever since.
‘EFFECTIVE DETERRENCE’: If the Biden administration suspends arms sales to Taiwan, the military could still ready a nimble fighting force for defense, an analyst said The “US Strategic Framework for the Indo-Pacific” last week sparked debate among analysts after US President Donald Trump declassified the document 20 years ahead of schedule. Trump on Tuesday last week released the document that had governed US strategic action in the region since the US leader approved its use in 2018. The document, which outlines US priorities in the region, emphasizes the importance of defending Taiwan against military aggression and facilitating the country’s development of asymmetric strategies and capabilities. The overall directive of the document is for the US to prevent China from establishing sustained air and sea dominance inside the first
ALLEVIATING FEARS: The CECC would only announce public places where it is difficult to identify everyone there at the same time as the couple, minister Chen said The Central Epidemic Command Center (CECC) yesterday announced six places where two locally infected COVID-19 cases had visited between Thursday last week and Sunday, urging people who had been at the places at the same time to monitor their health. The couple, cases 838, a doctor, and 839, his nurse girlfriend, were reported by the center on Tuesday. The doctor had treated a patient with COVID-19 last week before he began suffering symptoms on Friday, while the nurse began suffering symptoms on Saturday. They work in the same hospital in northern Taiwan, but the nurse had not worked with COVID-19 patients, so
SECOND RULING: Israeli-American Oren Shlomo Mayer refused to sign a court transcript, complained about the court translator and said the trial had been unfair The High Court yesterday upheld New Taipei City District Court’s verdicts on four men convicted last year in connection with the 2018 murder and dismemberment of a Canadian citizen on the banks of the Sindian River (新店溪). It found American-Israeli Oren Shlomo Mayer and American Ewart Odane Bent guilty of homicide and the abandonment and destruction of a corpse, with Mayer sentenced to life in prison and Bent given a term of 12 years and six months, for the death of Sanjay Ryan Ramgahan, whose body parts were found in a riverside park under Zhongzheng Bridge in New Taipei’s Yonghe
A lawyer and a prosecutor yesterday castigated what they called a lenient ruling by the High Court on Luo Wen-shan (羅文山), whose prison sentence was reduced to two years, which he does not need to serve, after he was convicted for receiving illegal political donations from China to meddle in Taiwan’s elections. Investigators found that Luo, who retired from the army with the rank of lieutenant general, had accepted NT$8.38 million (US$294,604 at the current exchange rate) under the guise of political contributions from Chinese People’s Political Consultative Conference member Xu Zhiming (許智明) and people in Hong Kong from 2008 to
RSS