Taipei Times
Date: Dec 21, 2019
By: Jason Pan / Staff reporter
Police in Taoyuan on Thursday evening arrested four people in connection with an alleged illegal
NT$500 and NT$100 banknotes seized during a raid by the Taoyuan Police Department’s Jhongli Police Station are displayed in Taoyuan yesterday.
Photo courtesy of Jhongli Police Station via CNA
The suspects, who face charges of breaching the Banking Act (銀行法), had allegedly conducted NT$7 billion (US$231.7 million at the current exchange rate) in transactions over the past six years, transferring money to other countries for migrant workers, prosecutors said yesterday.
With his son, 33, and two other men, surnamed Chen (陳), 51, and Chiu (邱), 39, the alleged leader, surnamed Lee (李), 54, operated the underground banks through stores that sell food, clothing and grocery items to migrant workers, prosecutors said.
Taoyuan’s Jhongli Police Precinct raided three stores on Thursday, seizing NT$300,000, along with receipts for wiring money to overseas destinations, a ledger book and other documents, police said.
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