Taiwan News
Date: 2016-09-09
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Prosecutors summoned former Mega Financial Holding Chairman McKinney Tsai and five others for questioning Friday while raiding several locations in the investigation into alleged money laundering.

The allegations started on August 19 when New York State’s Department of Financial Service fined the New York branch of the Mega International Commercial Bank US$180 million (NT$5.7 billion) after it allegedly uncovered a number of suspicious transactions with a Mega office in Panama.

Since then, Tsai has been declared a defendant and the financial group changed chairman several times.

On Friday, more than 20 investigators raided five homes and offices in Taipei City and New Taipei City in connection with the case, reports said. The Taipei District Prosecutors Office, which has been put in charge of the investigation, summoned five persons for questioning, including Tsai, who has faced four other rounds of interrogation.     [FULL  STORY]