Nankang Rubber Tire Assistant Manager Arrested For Rebate Scam

An assistant manager at Nankang Rubber Tire Corp. and his wife were arrested in connection to a rebate scam. According to the Taipei Times, the Taipei District Prosecutors’ Office and the Criminal Investigation Bureau arrested the couple to investigate if they were involved in receiving illegal rebates from suppliers.
During the arrest, the police seized roughly $67 million in cash found in the assistant manager’s home and office.
Nankang-logo
The suspect, who was reportedly responsible for purchasing natural rubber for Nankang, allegedly set up a foreign company and demanded suppliers pay the company rebates between $7-$40 for each ton of natural rubber Nankang purchased, authorities said. The manager’s wife is also suspected for being involved in money laundering.

Nankang Rubber reported the case to the police in May and has already assigned the assistant manager to another position, Taipei Times reported. The tiremaker will seek compensation to safeguard its rights and the rights of its shareholders.

Your Next Tire has all your tire needs weather you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Lincoln Navigator.
We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com

Source Tire Review


Share on Facebook

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: