Reported 8 months ago
Former Chairman of Taichung Commercial Bank, Wang Gui-Feng, faces a 15-year sentence for allegedly misappropriating over 1 billion TWD of public funds for luxury cars and private jets. New Taipei District Prosecutors Office has charged Wang and 7 others for severe breach of trust, seeking a 15-year prison term and a 500 million TWD fine for Wang. Wang was granted bail by posting 1.5 billion TWD, raised within 2.5 hours by friends and family who brought the cash to the court for bail processing.
Source: YAHOO