SinoPac Holdings chairman Ho Shou-chuan (centre) is seen in this file photo. Ho and two other suspects have been detained as part of an investigation into an alleged US$165 million worth of loans made to an “offshore company with no real operations”. Photo: CNA

Head of Taiwan’s SinoPac bank held over US$165m ‘illegal loans’ to offshore company

Ho Shou-chuan, two others detained as Taipei Court approves arrest request. Chairman denies causing the company any damage

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SinoPac Holdings chairman Ho Shou-chuan (centre) is seen in this file photo. Ho and two other suspects have been detained as part of an investigation into an alleged US$165 million worth of loans made to an “offshore company with no real operations”. Photo: CNA
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