Taiwan Media Head Indicted on Embezzlement – AP

From Associated Press via Cnews.canoe.ca:

The head of Taiwan’s largest media group has been indicted for violating securities law and embezzling funds, an official said Monday.

Taipei Prosecutors’ Office spokesman Lin Ching-tsun said Gary Wang, chairman of the Eastern Multimedia Group, made illegal profits from the sale of a majority stake of a cable operator under the group to the U.S.-based Carlyle Group. He said prosecutors have demanded a 28-year jail term for him. [Full Text]

August 13, 2007 10:10 AM
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Categories: Taiwan