Prosecutors to move on Lafayette, Ting Hsin cases

Taiwan News
Date: 2016-07-01, By: Matthew Strong
Taiwan News, Staff Writer

TAIPEI (Taiwan News) – As new rules regarding the confiscation of funds in criminal cases came into force Friday, prosecutors announced they wanted to gain control over NT$30 billion (US$969 million) from late arms trader Andrew Wang and NT$82 million (US$2.5 million) from former Ting Hsin International head Wei Ying-chung.

The two cases were completely unrelated, but separate prosecutors saw the introduction of the new legislative measures as the sign to act in two high-profile cases, reports said.

Wang allegedly played a role in the contested purchase of Lafayette frigates from France more than two decades ago, a deal which was surrounded by allegations of massive bribes in both countries and by the murder of a Navy officer who was reportedly going to unveil the corruption.    [FULL  STORY]