Reported 11 months ago
Former chairman of Taichung Commercial Bank, Wang Guifeng, raised an astonishing $150 million in cash within 3 hours to meet bail requirements. He is implicated in embezzling over $1 billion in funds during his tenure, spending on luxury items, including renting private jets, luxury cars, and lavish residences. Despite suspicions of emptying the company’s coffers, Wang managed to gather the hefty bail amount, showcasing his significant wealth and connections.
Source: YAHOO