TAIWAN

Textile Baron Arrested: A member of one of Taiwan’s wealthiest families has been arrested for ignoring court orders to stand trial in the case of the island’s biggest stock scandal. Police arrested Weng Ta-ming, 42, at his apartment last week after he failed to reply to three warrants issued by the Taipei District Court. Weng, head of the Hualon textile group, and his younger brother, You-ming, chairman of Hualon Corp., were charged last year with breach of trust and document forgery in a $22.2-million stock scandal. They allegedly sold 5 million shares of the unlisted Kuo Hua Life Insurance Co. at a cut-rate price for profit to Flora Chen and You Hsien-teh, a professor of architecture at Taipei’s Tamkang University. Chen is the daughter of former Communications Minister Clement Chang, who resigned last year to accept moral responsibility for the incident. Neither Chang nor his daughter has been charged.