US files for Taiwan bribe case properties
Source: Agencies |
July 16, 2010, Friday
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Print Edition
Print Edition
US authorities have filed to recover property in New York and Virginia tied to portions of illegal bribes paid to the former Taiwan leader and his wife, according to the US Justice Department.
Chen Shui-bian and his wife Wu Shu-jen were convicted in Taiwan in 2009 on money laundering and bribery charges involving about US$20 million that prosecutors said the couple illegally accepted.
They were both sentenced to life in prison but recently won on appeal reductions to 20 years each.
The US Justice Department filed complaints in US courts to recover a Manhattan condominium in a luxury building a few blocks from New York's Madison Square Garden and a house outside Charlottesville, Virginia.
If the properties are obtained by the US government, they would be sold and the proceeds made available to share back with Taiwan, the Justice Department said on Wednesday.
The US complaints said Taiwan's Yuanta Securities Co Ltd paid about US$6 million to Wu in an illegal bribe to ensure the Taiwan government did not interfere with a deal for the firm to buy more shares of Fuhwa Financial Holding Co Ltd.
Wu was accused of directing the money through shell companies and Swiss bank accounts, after which some was then used by her son and daughter-in-law to acquire the two properties in the US.
The son, Chen Chih-Chung, and his wife, Huang Jui-Ching, were also convicted on money laundering charges. All four are facing additional graft charges in Taiwan.
Chen Shui-bian and his wife Wu Shu-jen were convicted in Taiwan in 2009 on money laundering and bribery charges involving about US$20 million that prosecutors said the couple illegally accepted.
They were both sentenced to life in prison but recently won on appeal reductions to 20 years each.
The US Justice Department filed complaints in US courts to recover a Manhattan condominium in a luxury building a few blocks from New York's Madison Square Garden and a house outside Charlottesville, Virginia.
If the properties are obtained by the US government, they would be sold and the proceeds made available to share back with Taiwan, the Justice Department said on Wednesday.
The US complaints said Taiwan's Yuanta Securities Co Ltd paid about US$6 million to Wu in an illegal bribe to ensure the Taiwan government did not interfere with a deal for the firm to buy more shares of Fuhwa Financial Holding Co Ltd.
Wu was accused of directing the money through shell companies and Swiss bank accounts, after which some was then used by her son and daughter-in-law to acquire the two properties in the US.
The son, Chen Chih-Chung, and his wife, Huang Jui-Ching, were also convicted on money laundering charges. All four are facing additional graft charges in Taiwan.
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