The China Post
Date: September 22, 2016
By: Christine Chou

TAIPEI, Taiwan — A former chairman of the Financial Supervisory Commission (FSC, 金管會) filed a complaint to the Control Yuan Wednesday to request a probe of Mega International Commercial Bank’s (兆豐銀行) alleged money laundering.

The Control Yuan is the country’s highest watchdog, tasked with monitoring other branches of government.

“I am making this complaint because the case has become increasingly politicized and the investigation has lost focus,” said former FSC Chairman Tseng Ming-chung (曾銘宗), now a Kuomintang legislator.

Premier Lin Chuan (林全) last Sunday issued orders to investigate former FSC and Ministry of Finance (MOF, 財政部) high-ranking officials for their alleged negligence in overseeing Mega Bank.     [FULL  STORY]