Taipei Times
Date: Mar 09, 2020
By: Staff Writer, with CNA

A woman accused of defrauding nine Taiwanese banks out of NT$38.6 billion (US$1.28 billion at the current exchange rate) yesterday arrived in Taiwan to stand trial after being arrested in the US late last year, the Ministry of Justice’s Investigation Bureau said.

Wang Ying-chih (王音之), a former co-owner of Taipei-based New Site Industries Inc (NSI, 潤寅實業) and one of the chief suspects in the fraud case, arrived at Taiwan Taoyuan International Airport on a flight from Los Angeles, escorted by two US Immigration and Customs Enforcement agents, the bureau said.

She was subsequently arrested by bureau agents and taken to the Taipei District Prosecutors’ Office, it said.

Wang and her husband, NSI co-owner Yang Wen-hu (楊文虎), allegedly instructed their employees to create fraudulent transaction records, fund transfers and investment schemes from January 2011 to May last year to deceive the banks and secure loans, the bureau said.
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