Sat, Aug 19, 2006 - Page 3 News List

Taiwan Quick Take: Chen's bank account cleared


An investigation by the Control Yuan concluded yesterday that nothing illegal was found in President Chen Shui-bian's (陳水扁) Taishin International Bank account, which an opposition lawmaker had alleged was being used to launder money. Hsieh Yu-nan (謝育男), director of the Control Yuan's department in charge of reporting on senior officials' private assets, said the president did not include the suspected account in his six reports to the Control Yuan as of November last year because it was in fact closed before the law governing political contributions went into effect on April 2, 2004. Therefore, he said, the president's Taishin Bank Nanmen Branch Office account, which Chinese Nationalist Party (KMT) Legislator Chiu Yi (邱毅) had called Chen's "secret account," has broken neither the public functionary private assets registration law nor the political contribution law.

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