Taichung Bank chairman detained for allegedly embezzling NT$1 billion
Taipei, Feb. 25 (CNA) Taichung Commercial Bank Chairman Wang Kuei-fong (王貴鋒) was detained and held incommunicado Sunday on suspicion of misspending over NT$1 billion (US$31.6 million) in company funds on personal luxuries, including a central Taipei rental property and a private jet.