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Tycoon gets 18 years for hollowing out Rebar Group

Tycoon gets 18 years for hollowing out Rebar Group

Taipei, Dec. 31 (CNA) Former Eastern Multimedia Group President Gary Wang was sentenced to 18 years in jail and fined NT$700 million (US$21.21 million) fine Wednesday for collaborating with his father Wang You-theng in embezzling funds from the family's Rebar Asia Pacific Group.
Illicit gains totaling more than NT$300 million should also be confiscated, the Taipei District Court said in its verdict.
(By Y.F. Low)




Updated : 2021-01-26 04:53 GMT+08:00