Jailed former Pacific Electric Wire and Cable (PEWC) Chairman Jack Sun (???) died Wednesday at 72, seven months into a second prison sentence for embezzlement.
Family members informed Taipei Prison, where Sun had been serving his sentence, that he had died at 3 a.m. Wednesday.
Sun had been on medical leave from prison since Oct. 1 to seek cancer treatment at hospital, Taipei Prison said.
Sun began serving his current 18-month sentence in April this year after he was found guilty of siphoning more than NT$100 million (US$3.59 million) from two non-profit funds related to PEWC between 2012 and 2018.
The former PEWC boss was handed his current conviction not long after leaving prison at the end of a three-year stretch inside from 2017 to 2020 for embezzling NT$20 billion in PEWC funds to hide the assets in dummy firms abroad.
Sun was once a successful business tycoon whose PEWC was one of the companies that helped found Taiwan Mobile, which later became the first telecommunications company in Taiwan to be listed on the Taiwan Stock Exchange.
The convicted fraudster’s children are still a prominent fixture in Taiwanese high society, perhaps most notably daughter Aimee Sun (???), a socialite and media personality who is married to Breeze Group Chairman Henry Liao (???).
Source: Focus Taiwan News Channel