Switzerland remits back US$6.74 million of ex-president’s funds

Focus Taiwan
Date: 2015/09/04
By: Liu Shih-yi and Lilian Wu

Taipei, Sept. 4 (CNA) Taiwan said Friday that it has received around NT$208.9 201509040033t0001million (US$6.74 million) from Swiss authorities that were illicit gains of former Taiwanese President Chen Shui-bian (陳水扁).

The Supreme Prosecutors Office said the Swiss authorities had remitted the sum to its designated bank account in Taiwan.

The money was laundered to Switzerland by Chen’s family members and deposited in Wegelin and Co. Private Bankers in accounts held under the names of the former President’s son Chen Chih-chung (陳致中) and his daughter-in-law Huang Jui-ching (黃睿靚).

The office said that it solicited judicial assistance from Switzerland to freeze the bank accounts when it began a probe into alleged corruption by the former president in connection with his taking bribes during a period of the nation’s financial restructuring in the early 2000s.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.