Head of major Taiwan bank held over 'illegal loans'
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Taipei
THE head of a major Taiwanese bank has been detained on suspicion of granting illegal loans, just months after another banking scandal rocked the island's financial sector.
SinoPac Holdings chairman Ho Shou-chuan and two others are being probed over an alleged TW$5 billion (S$228 million) of loans made to an "offshore company with no real operations".
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