Wang You-theng

Business career

Wang established the China Rebar Group in 1959 as a manufacturer of

Rebar scandal and flight

By 2006, Rebar was encountering serious difficulties following years of allegedly hiding financial problems with bad loans from The Chinese Bank (a subsidiary) and falsified accounting records. On 29 December 2006, Rebar Asia-Pacific Group, along with three subsidiaries filed for

In the weeks following the break of the scandal, Wang and his wife moved to

On 13 January, Wang and his wife left the PRC for the

On 31 January, the DOJ contacted

Arriving at Changi Airport the morning of 2 February, the couple were met at the gate by armed guards and denied entrance to Singapore. Singapore authorities and the BOI agents attempted to persuade the couple to board a Taiwan-bound flight. The couple refused and according to media reports, began sobbing and squatting on the floor, refusing to move. Due to the lack of an extradition agreement, neither the BOI agents or Singapore police were able to make an arrest. Attempts were made to place Wang on Singapore Airlines Flight 872, a return flight to the US with a transit at