Reported 11 months ago
Taiwanese businessman Wang Guifeng, the former chairman of Taichung Bank, was charged with embezzling over 1.1 billion NT dollars for personal luxury expenses and managed to raise the required 150 million NT dollars for bail in just 3 hours, shocking many. Wang utilized his connections to borrow money from several business owners and received assistance from friends and family to quickly gather the cash. After completing the bail procedure in court, Wang changed into new clothes before leaving, showcasing his remarkable financial power and network. The court imposed strict conditions for his release, including surrendering passports and regular reporting to authorities.
Source: YAHOO