Tycoon Wang Yu-yun (
On April 26, Wang, the former president of Chung Shing Commercial Bank (中興銀行), received a seven-year jail sentence on charges of abusing the bank's funds. He was found guilty of mismanaging bad loans valued at more than NT$80 billion (US$2.4 billion).
NOTICES
Kaohsiung District Prosecutors' Office spokesman Chung Chung-hsiao (鍾忠孝) told reporters yesterday that twice last month the office had issued a notice to Wang ordering him to report to prosecutors and begin his prison sentence, but Wang did not show up.
Chung said prosecutors issued an arrest warrant for Wang on Thursday, adding that if police failed to arrest him or if he did not give himself up in the next few days, prosecutors would place Wang on the wanted list.
Chung said Kaohsiung police have interviewed Wang family members and some of his business associates, adding that Wang was not believed to be in Kaohsiung.
Wang, a senior Chinese Nationalist Party (KMT) member and Kaohsiung mayor from 1973 to 1981, was indicted in 2000 and has been prohibited from leaving the country since 2002.
CHINA
Prosecutors suspect Wang may have used a boat to flee to China, Chung said.
A report yesterday in the Chinese-language United Daily News said that Wang may be hiding in Hangzhou, Zhejiang Province, as he runs businesses there.
Chung said, however, that prosecutors were not privy to such information.
Financial officers said that Wang had transferred most of his assets and properties to China and other countries before facing prosecutors.
The judicial system has come under fire for allowing convicted criminals -- especially white-collar ones -- to roam freely.
Prosecutors argue it is difficult to supervise suspects and convicted criminals who have not been detained, a situation that is compounded by the fact that it is not difficult to flee to China by boat.
ENDEAVOR MANTA: The ship is programmed to automatically return to its designated home port and would self-destruct if seized by another party The Endeavor Manta, Taiwan’s first military-specification uncrewed surface vehicle (USV) tailor-made to operate in the Taiwan Strait in a bid to bolster the nation’s asymmetric combat capabilities made its first appearance at Kaohsiung’s Singda Harbor yesterday. Taking inspiration from Ukraine’s navy, which is using USVs to force Russia’s Black Sea fleet to take shelter within its own ports, CSBC Taiwan (台灣國際造船) established a research and development unit on USVs last year, CSBC chairman Huang Cheng-hung (黃正弘) said. With the exception of the satellite guidance system and the outboard motors — which were purchased from foreign companies that were not affiliated with Chinese-funded
PERMIT REVOKED: The influencer at a news conference said the National Immigration Agency was infringing on human rights and persecuting Chinese spouses Chinese influencer “Yaya in Taiwan” (亞亞在台灣) yesterday evening voluntarily left Taiwan, despite saying yesterday morning that she had “no intention” of leaving after her residence permit was revoked over her comments on Taiwan being “unified” with China by military force. The Ministry of the Interior yesterday had said that it could forcibly deport the influencer at midnight, but was considering taking a more flexible approach and beginning procedures this morning. The influencer, whose given name is Liu Zhenya (劉振亞), departed on a 8:45pm flight from Taipei International Airport (Songshan airport) to Fuzhou, China. Liu held a news conference at the airport at 7pm,
KAOHSIUNG CEREMONY: The contract chipmaker is planning to build 5 fabs in the southern city to gradually expand its 2-nanometer chip capacity Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, yesterday confirmed that it plans to hold a ceremony on March 31 to unveil a capacity expansion plan for its most advanced 2-nanometer chips in Kaohsiung, demonstrating its commitment to further investment at home. The ceremony is to be hosted by TSMC cochief operating officer Y.P. Chyn (秦永沛). It did not disclose whether Premier Cho Jung-tai (卓榮泰) and high-ranking government officials would attend the ceremony. More details are to be released next week, it said. The chipmaker’s latest move came after its announcement earlier this month of an additional US$100 billion
Authorities yesterday elaborated on the rules governing Employment Gold Cards after a US cardholder was barred from entering Taiwan for six years after working without a permit during a 2023 visit. American YouTuber LeLe Farley was barred after already being approved for an Employment Gold Card, he said in a video published on his channel on Saturday. Farley, who has more than 420,000 subscribers on his YouTube channel, was approved for his Gold Card last month, but was told at a check-in counter at the Los Angeles International Airport that he could not enter Taiwan. That was because he previously participated in two
RSS