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Aug 14, 2008

Chen laundered money?

ICRT reports ...

A lawmaker claims to have proof that former president Chen Shui-bian
laundered money through his son and daughter-in-law.

Hong Xiu-zhu claims to have a letter from the Swiss government saying it is
investigating bank accounts opened under Chen Zhi-zhong and Huang Rui-qing's
names.

According to Hong, Huang had originally opened two Swiss accounts, one with
over 20 million U.S. dollars, the other with over 70 billion NT.

The funds were later transferred to a company set up by Huang in the Cayman
islands, though 10 million dollars were transferred once again to a Swiss
account under Chen Zhi-zhong's name.

Lawmaker Hong alleges that this money was provided by former president Chen,
who is currently being investigated for abuse of a special state affairs
fund, and that the various transactions were meant to cover up the
embezzlement.
A-bian has admitted that there were discrepancies in his expense report tax report but denies wrong-doing admits wrong-doing, but I'm not clear on the details yet. Let's wait until tomorrow.

We'll see how this goes; this can be nothing but a demoralizing blow to the already crawling DPP.

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