Reported 12 months ago
Former Chairman of Taichung Bank, Wang Guifeng, was charged with embezzling 1.1 billion in funds for luxury expenses like renting extravagant cars and private jets. Democratic Progressive Party legislator Guo Guowen questioned how Li Dewei, a current independent director of the bank's holding company, did not oversee investments properly and instead enjoyed lavish lifestyles with Guifeng. Guo raised concerns over Dewei's role and association with Guifeng, who is accused of embezzling huge sums of company money, while Dewei responded by dismissing these claims and welcoming evidence.
Source: YAHOO