A fugitive Taiwanese online gambling billionaire has been arrested after initially escaping a crackdown on his operations this summer.
On Thursday’s, Taiwan’s Criminal Investigation Bureau (CIB) announced the arrest of a man identified only as Zhuang on suspicion of illegal gambling, money laundering and involvement in organized crime.
Taiwan News reported that Zhuang was none other than Chaung Chou-wen, chairman of Taichung-based Xin Li Wang Intl Holding Group, who has been granted honorary titles in Cambodia, Indonesia and Malaysia for his significant investments in local development projects.
Chuang (pictured) reportedly went underground in August after the CIB targeted an illegal online gambling business in Taichung City. Those raids followed an initial raid on an affiliated gambling network in January.