Taiwan government to appoint team to supervise Mega Bank probe

Focus Taiwan
Date: 2016/08/30
By: Tai Ya-chen and Elizabeth Hsu

Taipei, Aug. 30 (CNA) Premier Lin Chuan (林全) said Tuesday that the government will appoint a team

Premier Lin Chuan (second right).

Premier Lin Chuan (second right).

to supervise the ongoing investigations by the country’s justice and financial authorities into the money-laundering allegations against Mega International Commercial Bank.

The Cabinet will push “the Ministry of Justice (MOJ) and the Financial Supervisory Commission (FSC) to find the facts in the shortest period of time,” Lin said at a press conference.

He stressed that there are no limitations in the investigation into the operations of Mega Bank, which was fined NT$180 million in the United States earlier this month for violating money laundering laws.

A team, led by Vice Premier Lin Hsi-yao (林錫耀), will supervise the MOJ and FSC’s investigations into the alleged violations by the state-invested Mega Bank, the premier said.     [FULL  STORY]

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