The government coffers will soon swell by NT$17.7 billion (US$540 million), as judicial authorities plan to appropriate money siezed in a raid in Chiayi, prosecutors said on Friday. Investigators who were probing a suspected vote-buying scheme unexpectedly cracked an international money-laundering ring. They arrested 22 people, seized NT$400 million in cash and NT$17.3 billion in bank checks and froze overseas deposits worth NT$1.7 billion, in what they called the biggest money-laundering case in the nation's history. After questioning two key suspects, who either denied having laundered money or said that all of the seized funds were "gambling money," prosecutors said the NT$17.7 billion would be confiscated.
Sun, Mar 12, 2006 - Page 3 News List
Taiwan Quick Take: Government gets windfall
STAFF WRITER, WITH AGENCIES
This story has been viewed 2232 times.
Listing from 2015-05-16 to 2015-05-23
- Most read
- Most e-mailed
1LG aims for wider market share with flagship G4 launch
2Taiwan Tales: Tombs are not for the dead
3China fears student protests, Ma says
4Vietnam rejects ban on South China Sea fishing
5Greenpeace study finds China illegally fishing in Africa