Banqiao bank robber caught by New Taipei Police

The suspect was arrested by police less than five hours after the robbery

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Ye arrested by New Taipei Police Officers

Ye arrested by New Taipei Police Officers (By Central News Agency)

TAIPEI (Taiwan News) – Police have arrested a 41 year old man, surnamed Ye (葉), in connection to a bank robbery and theft of NT$500,000 that occurred in New Taipei on Monday afternoon.

After a brief investigation of surveillance footage, officers arrested Ye on Monday evening at 7:50 p.m. in front of a supermarket in New Taipei’s Zhognhe District. According to reports, Ye was distressed after finding himself in debt due to a bad business venture.

He reportedly told officers that he felt robbing the bank was his only option to make ends meet.

The bank robbery occurred at a branch of the E. Sun Commercial Bank (玉山銀行) in New Taipei City’s Banqiao District around 3:24 p.m. Monday afternoon, March 4.

In the robbery which lasted less five minutes, Ye, wearing a motor cycle helmet, used a toy gun to confront a bank teller, demanding they open the cash drawer.

During the brief few hours before he was caught by police, Ye reportedly went home changed clothing, and then went to a Post Office ATM to remit funds to those who held his debt.

UDN reports that at the time of his arrest, Ye still possessed NT$170,000 of the original amount. He claimed to have already remitted NT$330,000 of the stolen money.

Reports state that the man found himself in financial trouble because he took money from loan sharks to import over a hundred mobile phones from China. Unfortunately, Ye faced difficulty selling the phones on the Taiwan market, and was unable to repay his debts.

As Ye, a father of two, was escorted from the courthouse to jail, his wife and his mother were present. His mother reportedly scolded him, declaring that he would have to do his time and reflect on what he had done.