The China Post
Date: August 24, 2016
By: Stephanie Chao
TAIPEI, Taiwan — Former Mega Financial Holding Co. (兆豐金控) Chairman Mckinney Tsai was
Former Mega Financial Chairman Mckinney Tsai, front, is restricted from leaving the country after being summoned for a four-hour questioning by prosecutors, Tuesday. (Stephanie Chao, The China Post/CNA)
barred from leaving the country Tuesday, after he was summoned for questioning over his alleged involvement in the Mega International Commercial Bank (兆豐銀行) money laundering scandal.
Tsai, summoned by prosecutors for questioning Tuesday afternoon, was listed as a suspect in the case and restricted from leaving the country.
Tsai resigned as Cathay Financial Holding Co. (國泰金控) chairman Tuesday afternoon, President Lee Chang-ken confirmed.
Tsai said he did not want to “disturb” Cathay Financial Holding Co. due to his alleged involvement in the Mega Bank money laundering scandal, Lee told local media.
Democratic Progressive Party (DPP) lawmakers demanded a thorough investigation into the case Tuesday, blasting the bank for covering up illegal activity since 2013. [FULL STORY]
