The family of former Taiwan President, Chen Shui-bian, is accused of laundering money in several overseas accounts, including in the Cayman Islands.
Chen`s family is suspected of depositing at least T$1 billion in banks in Japan, the United States, the Cayman Islands, Singapore and Switzerland, among other places, Taiwan media reports indicate.
But Chen has denied any wrongdoing.
`There is absolutely no graft, absolutely no stolen money,` he told a news conference this week.
Chen has admitted `expatriating` $20 million, but claims the money came from unused campaign contributions - permissible under Taiwan's law at the time - and was intended to underwrite the island's `diplomatic work.`
Source: Carib World News
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment