High-profile economic fugitive repatriates from mainland: NIA
CNATAIPEI--Taiwanese fugitive Chou Wu-hsien (周武賢) was repatriated last night from China, where he has been on the run for three years, Taiwan's National Immigration Agency (NIA, 移民署) said.
August 16, 2013, 12:02 am TWN
The 60-year-old, who has been charged with economic crimes, will be escorted back by Taiwanese law enforcement personnel, the agency said.
Chou, the chairman of Airlux Electrical Co. (唐鋒公司), fled Taiwan in 2010, after he and a co-conspirator spread false information about the company's profits to manipulate stock prices illegally, the NIA said.
They managed to pocket more than NT$300 million (US$10 million) in illicit gains from the stock surge, it said.
Co-conspirator Chang Shih-chieh (張世傑) was arrested trying to leave the country and later sentenced to nine years in prison, but Chou managed to escape to China.
The NIA provided information on the case to China's public security agencies, which began investigating in February of this year, eventually leading to Chou's arrest in the southern Chinese city of Shenzhen, the agency said.