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Financial scandal fugitive to be repatriated today

Financial scandal fugitive to be repatriated today

The Investigation Bureau (MJIB) said yesterday that the former executive official of Chung Shing Bank Wang Hsuan-jen was scheduled to be repatriated from China to Taipei today, and would be sent to the Taipei Prosecutors' Office after being questioned by the MJIB.
The Taiwan High Court has sentenced Wang to a jail term for breach of trust in April 2007. Wang fled to China on May 3, right before he was scheduled to report to prison. The Taipei Prosecutors' Office on October 31, 2007 issued a warrant for Wang, and he was arrested by Chinese police authorities in January earlier this year.
Chung Shing Bank was notorious for distributing illegal loans to ill-natured companies and for issuing large non-performing loans. Wang was convicted for his collusion with Taiwan Pineapple Corp. Chairman Huang Tsung-hung and CSB owners Wang Yu-yung and Wang Chih-hsiugn in issuing overly large loans to TPC. Wang Yu-yung and Wang Chih-hsiung have also fled and are reported to be currently somewhere in China.
Together with Wang Hsuan-jen, 24 other fugitives that had been wanted by Taiwan police authority will be repatriated back to the island, and their transportation will take place along one of the mini three links that use Matsu or Kinmen as a transit stop for cross-strait transportation.
The Criminal Investigation Bureau said the police, together with staff from the Red Cross, will receive the 25 fugitives in Matsu this morning. Chinese police authorities will ship Wang from Shanghai to Taiwan with stops at Fuzhou and Matsu by ferry.


Updated : 2021-04-17 23:38 GMT+08:00