February 4, 2007

Taiwan Launches Manhunt for Omni Bank Owner

“A San Gabriel Valley bank has found itself the focus of unwanted attention after an international manhunt was launched for one of its Taiwanese owners following the collapse of several of his family’s Asian holdings… For more than a month Taiwan authorities have been attempting to arrest Wang, founder of the Rebar Group, and his wife, Chin Shih-ying. They fled Taiwan in late December as news broke of the failure of several companies, including the Chinese Bank in Taipei. Prosecutors in Taipei issued warrants on Jan, 15 for the pair on charges of embezzlement, insider trading and fraud.”

Filed under Banking and Financial Services, Legal and Criminal Issues, Taiwan by

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