Taiwanese Restaurant Tycoon Detained for Evading $2 Million in Taxes Despite Owning $6.4 Million in Property

A prominent restaurant chain owner in Taiwan, identified by the surname Wang, is facing detention for allegedly evading taxes and insurance payments totaling NT$65 million (approximately $2 million USD) since 2008. Despite claiming to be in financial distress, Wang has been accused of orchestrating a scheme to hide assets and avoid payment.

Investigations by the Taipei Branch of the Executive Agency revealed that Wang allegedly transferred funds into the real estate market, acquiring 33 properties in prime Taipei locations for over NT$200 million (approximately $6.4 million USD). He reportedly used nominee accounts, paying NT$1 million (around $32,000 USD) to individuals to register these properties under their names. Wang admitted to using this method because he was facing legal troubles and found it inconvenient to use his own name.

Furthermore, Wang is accused of systematically closing 44 bank accounts and using front companies, including his ex-wife, current girlfriend, siblings, and employees, to manage funds. His lifestyle also contradicts his claims of poverty; he rented a high-cost residence and traveled abroad eight times in just 18 months, visiting destinations like Hokkaido, Dubai, and Switzerland. This pattern of spending suggests a significant disparity between his declared financial situation and his actual lifestyle.

The Executive Agency initially sought a detention order against Wang in September of the previous year, but it was rejected. After an appeal, the Taiwan High Court remanded the case for further review. Wang attempted to argue against detention, citing disputes over property ownership and a sudden "chest pain." However, after the Taipei District Court verified his health status with National Taiwan University Hospital, confirming he was not suffering from serious illness, the court approved the detention order.