Taiwanese businessman investigated in oil delivery
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – The United States Department of State has thanked Taiwan for
blacklisting a Taiwanese businessman and his companies for allegedly selling oil to North Korea despite United Nations sanctions.
Chen Shih-hsien (陳世憲) and four companies believed to be linked to him were reportedly involved in the transfer of oil products from a tanker they had leased to a North Korean vessel last October.
South Korea apprehended the ships and told Taiwan it was involved. Prosecutors in Kaohsiung questioned Chen but freed him on bail of NT$1.5 million (US$50,000) on January 3 after he reportedly told him he was unaware the oil was going to North Korea. [FULL STORY]