Taiwan seeks return of ‘criminal income’ from frigate scandal

Daily Mail Online
Date: 12 November 2019

A Lafayette-class frigate of the Taiwan navy taking part in an exercise off the southern naval base of Tsoying in 2014

Taiwan is seeking the return of hundreds of millions of dollars in ill-gotten funds linked to a controversial deal to buy French frigates over two decades ago, prosecutors said Tuesday.

Taipei signed a $2.8 billion deal to buy six Lafayette-class frigates in 1991, a deal which strained French ties with China at the time and was later found tainted by up to $400 million in bribes.

Taiwanese arms dealer Andrew Wang was indicted for corruption in 2006 for reaping hundreds of millions of dollars from the deal, and his family were also found guilty as his accomplices.

Wang and his family were put on Taiwan's most wanted list after they fled the island shortly before the scandal broke in 1993. He died in London in 2015 aged 87.    [FULL  STORY]

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