Taiwan tycoon sentenced to 8 years and 6 months for illegal loans

TAIPEI (Taiwan News) — Former SinoPac Financial Holdings Co. (永豐金控) Chairman Ho Shou-chuan (何壽川) was sentenced to eight years and six months in prison for illegal loans Friday (Nov. 20), but his...

China's Hengfeng Bank ex-chairman Cai sentenced to death with two-year reprieve

A Chinese court sentenced on Friday (Nov. 6) the former chairman of Hengfeng Bank, Cai Guohua, to death with two-year reprieve after convicting him of abuse of power, corruption, embezzlement, receivi...

Albania police arrest Chinese allegedly tied to crime group

TIRANA, Albania (AP) — Albanian police say they have arrested a Chinese man wanted in his country for illegal earnings as part of an organized crime group. A statement Wednesday said...

New anti-submarine aircraft added to Taiwan's military forces

PINGTUNG (Taiwan News) — Taiwan President Tsai Ing-wen (蔡英文) announced the replacement of the country’s S-2 Tracker (S-2T) anti-submarine aircraft with the Lockheed P-3C (P-3C) aircraft at...

Taiwanese tycoon needs 90 minutes to find NT$400 million for bail

TAIPEI (Taiwan News) – SinoPac Financial Holdings Co. (永豐金控) founder Ho Show-chung (何壽川) needed less than an hour and a half to find NT$400 million (US$13 million) to pay for bail, reports said ...

SinoPac Holdings Chairman and two others detained

TAIPEI (Taiwan News) – SinoPac Holdings Chairman Ho Show-chung (何壽川) was held in custody following prosecutors’ request to detain him over charges of illegal loans and violation of the Sec...

Taipei prosecutors want SinoPac chairman to be detained for illegal loans

TAIPEI (Taiwan News) – Taipei District Prosecutors Office requested Saturday that SinoPac Holdings (永豐金控) chairman Ho Show-chung (何壽川) and two others be detained on charges of illegal loans to a...

Taiwan investigators raid SinoPac and question chairman

TAIPEI (Taiwan News) – Prosecutors raided 13 homes and offices while summoning SinoPac Financial Holdings (永豐金控) Chairman Ho Show-chung (何壽川) for questioning about alleged illegal loans worth NT...

Mega report blames 2 ex-ministers

TAIPEI (Taiwan News) – A government report about alleged scandals at the stare-run Mega Financial Holding said Friday former Finance Minister Chang Sheng-ford and former Financial Supervisory Commissi...

Ex-First Lady to resign from Mega foundation

TAIPEI (Taiwan News) – Former President Ma Ying-jeou’s wife, Christine Chow, will resign as executive director of the Mega Financial Holding’s charity foundation following a number of scandals swirlin...

Mega ex-chair detained over Ruentex loan

TAIPEI (Taiwan News) – Former Mega Financial Holding Chairman McKinney Tsai was ordered detained Wednesday over allegedly illegal loans to the Ruentex Group. The approval of the prosecutors’ request...