Former Chung Shing Bank general manager Wang Hsuan-jen (王宣仁) was sentenced yesterday in a final verdict for his role in an illegal loan scandal.
Wang, who fled to China in May 2007 after being sentenced for a separate illegal loan case, was repatriated in February 2008 to serve a sentence of six years and eight months in jail from that earlier case.
The Taiwan High Court yesterday sentenced Wang to an additional one year and 10 months in jail, while Chang Chao-hsiang (張朝翔), former chief executive of Panvest, a landscape design company, was sentenced to one year and eight months in the same case.
According to the ruling, in 1998 the bank’s vice chairman, Wang Chih-hsiung (王志雄), learned that investors were buying up the bank’s shares. Wanting to gain control of the bank himself, Wang Chih-hsiung asked Wang Hsuan-jen and Chang to illegally use the bank’s money to purchase shares.
Chang transferred NT$250 million (US$8.38 million) into four shell accounts and then used the money to buy the bank’s shares.
The ruling said the men’s actions constituted a breach of trust.
Wang Hsuan-jen will serve his new sentence after his current term is completed, while Chang will begin serving his jail time soon, the court said.
Wang Hsuan-jen was sentenced to six years and eight months of prison in April 2007 for his role in an illegal loan case involving Taiwan Pineapple Corp. He fled Taiwanese authorities before he was due to begin serving his sentence in May that year.
Wang’s repatriation made him the first major Taiwanese economic criminal to be returned from China after the Kinmen Agreement was signed on Sept. 12, 1990.
Wang Chih-hsiung (王志雄) also fled to China and Taiwanese judicial authorities are still seeking his repatriation.
FUKUOKA SITUATION: Japanese media reported that the pathogen is expected to be identified by the summer, while the CDC downplayed the idea that it was hMPV A “mysterious cold-like illness” reported in Japan’s Fukuoka Prefecture does not seem to be a new disease, but Japanese authorities have been asked about the situation, the Centers for Disease Control (CDC) said yesterday. The Fukuoka Prefectural Medical Association on Wednesday told a news conference that a “mystery cold” that has become a hot topic on social media is “highly likely to be caused by some kind of viral infection,” Japan’s KBC News reported. “Many people are experiencing symptoms starting with a sore throat, followed by a runny nose, phlegm and a severe cough,” KBC News reported, citing association officials. Health authorities are
Nvidia Corp CEO Jensen Huang (黃仁勳) arrived in Taiwan yesterday ahead of upcoming AI and technology events, saying he plans to meet with clients and Taiwan Semiconductor Manufacturing Co Chairman C.C. Wei (魏哲家) during his visit. After landing at Taipei Songshan Airport, Huang posed for photos with fans and handed out Yakult drinks to reporters and supporters waiting at the scene, saying he has “a lot to do” during the trip. Asked about reports that Nvidia’s planned headquarters site in Taipei’s Beitou Shilin Technology Park could break ground on May 27, Huang said that if the company holds an event, he would
The Ministry of Finance this afternoon announced the winning numbers for the March-April uniform invoice lottery. The winning number for the NT$10 million (US$318,060) special prize is 19531471, and the winning number for the NT$2 million grand prize is 85941329. Three numbers were drawn for the NT$200,000 first prize: 07225810, 20231230 and 83518781. Those with receipts matching the last seven digits of any of the first-prize numbers will win the NT$40,000 second prize, while those matching the last six digits will win the NT$10,000 third prize. Those whose receipts match the last five digits of the first-prize numbers can claim the NT$4,000 fourth prize,
Taiwan Travelogue (臺灣漫遊錄), which earlier this week became the first Taiwanese novel to win the International Booker Prize, is to be adapted into a television series through a Taiwan-Japan coproduction, producer Chang Chen-yu (張辰漁) said yesterday. Chang, a producer at World Softest Production Film Co, wrote on Facebook that the company had been searching for projects with international appeal that retain a strong Taiwanese identity after colleagues and Japanese partners strongly recommended the novel. After reading the book, Chang said he immediately decided to pursue the screen rights. “A great story has the power to transcend time and borders, and connect countless people,”
RSS