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Report says fugitive gave NT$520 million to twelve lawmakers

Legislators deny allegations that they were involved in dealings with Wang

Report says fugitive gave NT$520 million to twelve lawmakers

Local Chinese-language newspaper Apple Daily yesterday reported that economic fugitive and founder of Rebar Asia Pacific Group Wang You-theng (王又曾) had allegedly given around NT$520 million to twelve lawmakers and one Buddhist master.
Most of the twelve lawmakers were said to have purchased stocks from Wang but that Wang purchased the stocks back from them, while the Kuomintang's Kuo Su-chun (郭素春) and DPP's Wang Tuoh denied having made any money transactions with Wang.
The newspaper reported the amount of money each individual allegedly received, including: the former independent lawmaker Tsai Hau with NT$268.5 million; former Democratic Progressive Party lawmaker Lin Wen-lang with NT$45 million; KMT incumbent lawmaker Lo Ming-tsai (羅明才) with NT$36 million; Lo's father and former independent lawmaker Lo Fu-chu (羅福助) with NT$10 million; former KMT lawmaker Her Jyh-huei (何智輝) with NT$31.5 million; former Taiwan Solidarity Union lawmaker Hsu Teng-kung (許登宮) with NT$19.3 million; former DPP lawmaker and incumbent Council of Cultural Affairs Chairman Wang Tuoh (王拓) with NT$18 million; incumbent Kuomintang lawmaker Kuo Su-chen with NT$12.8 million; non-partisan Solidarity Union lawmaker Lin Pin-kuan with NT$9.4 million; incumbent KMT lawmaker Liu Sheng-liang (劉盛良) with NT$5.6 million; former DPP lawmaker Hsu Chi-ming with NT$3 million; and former DPP lawmaker Tu Wen-ching with NT$1.5 million.
The Apple Daily said prosecutors obtained a secret account book during the investigation of the Rebar embezzlement case. The prosecutors raided several Rebar Group offices in early 2007, and Wang's chief treasurer Chao Hsien-lien handed the secret book over to prosecutors.
The secret accounting book recorded a total of NT$5.6 billion in remittances (including NT$520 million for lawmakers) from 1999 to 2006. Local celebrity and Zen Master Miao Tien also received NT$60.5 million from Wang according to the secret accounting book. Some names of local celebrities or politicians have not yet been disclosed, including some with secret code names yet to be identified, such as "Formosa" or "Evergreen Ms. Tseng."
Wang was a local entrepreneur who ran a wide range of businesses in Taiwan for decades. Wang's giant enterprise faced a serious financial crisis in 2006 after years of ill management and embezzlement, and Wang fled Taiwan in late 2006. Wang's son Wang Ling-lin served as a Legislator from 1995 to 2001, and the younger Wang raised a total of NT$60 billion in capital through selling Rebar stocks at a discount in the Legislature in order to build up Asia Pacific Broadband Telecom. Other lawmakers also wished to make a profit from the business. After the share price of Rebar kept falling, however, the lawmakers asked the Wang family to buy back the stocks they had purchased.
Former lawmaker Lin Wen-lang yesterday admitted to local media that he had sold his shares back to Wang. Lin said he purchased the shares at NT$10 a share but sold them back to Wang at NT$6 a share.
The KMT's Kuo continues to deny she had dealings with Wang, saying she had no personal rapport with the Wang family, nor did she make any remittances of money. She asked investigating authorities to look into the case and clear her name.