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Macao deports fugitive Taiwanese tycoon wanted in multimillion-dollar fraud
2007-08-06 02:02:04 THE ASSOCIATED PRESS

TAIPEI, Aug 6 (AP) -- A fugitive tycoon has been deported from Macau to his native Taiwan where he will face charges in connection with a multimillion-dollar securities fraud, Taiwan's Bureau of Investigation said Monday.

Macau immigration authorities arrested Chang Wen-yi on Saturday for trying to use a canceled Taiwanese passport to enter the Chinese gambling enclave from Shanghai, the bureau said in a statement.

Macau deported Chang on Sunday, the bureau said.

Macau government spokeswoman Elena Au declined to comment on the case, and police could not immediately confirm Chang's arrest and deportation.

Chang, a former lawmaker and a co-founder of the China-based shoe store chain Prime Success International, was convicted and sentenced in a 9 billion New Taiwan dollar securities fraud scandal three years ago.

As the head of a subsidiary of Taiwanese conglomerate Kuangshan Group, Chang and the group's chairman, Tseng Cheng-jen, were found guilty of forging documents to boost the company's share price. Chang fled Taiwan in August 2004, just days before a court sentenced him to a year in prison, and he has lived in China since then.

Tseng later jumped bail and also fled to China.

China has become a haven for Taiwanese fugitive economic criminals because of the lack of an extradition agreement between the rivals.

Taiwanese media said Chang moved his Prime Success footwear business to mainland China about 10 years ago, and that the company owns more than 10 shoe factories and 2,000 chain stores nationwide.

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