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Whereabouts unknown! Taichung 'Dan Shui Gun' couple absconds with billions to China, underworld sources reveal precarious situation

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Under investigation
  • A couple who owned the 'Dan Shui Gun' hot pot chain in Taichung, Taiwan, has disappeared after allegedly absconding with billions in funds.
  • The couple and their two children reportedly left Taiwan for China around late May, shortly before the business collapsed and bounced checks.
  • Authorities are investigating, and victims fear the family may face danger due to the large sums of money involved.

A couple operating the popular 'Dan Shui Gun' hot pot chain in Taichung, Taiwan, has vanished after allegedly absconding with billions of New Taiwan dollars. The owners, identified by their surnames Huang and Hong, reportedly fled to China on May 28, with their eldest daughter and son following on May 31.

The disappearance occurred just before the hot pot business officially closed and checks began to bounce, leading many investors to suspect the couple planned their departure to evade debts. The news has prompted a surge of victims to report the incident to the police, with nearly 500 individuals coming forward to form a self-help group.

Investors claim the couple initially paid profits on time to build trust before encouraging larger investments. Some victims reportedly lost tens of millions of dollars, including retirement funds and family savings. Authorities are gathering evidence and have obtained travel records, initiating immigration control measures against the couple and their children.

Local sources suggest that if the couple is indeed involved in a massive fraudulent scheme, they could face significant danger. Even if they are in China, they may not escape the pressure from creditors. There is speculation that victims might hire individuals to track them down, making the family's situation precarious, even within China.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.