A Swiss Department of Justice spokesman has confirmed that Taiwan filed a formal application for retrieval of US$520 million in frozen illegal commissions tied to its purchase of six Lafayette-class frigates from France in the early 1990s. The spokesman said that State Public Prosecutor-General Wu Ying-chao (吳英昭) filed the application with the Swiss Department of Justice on Tuesday, demanding the return of the funds from Swiss banks. According to the spokesman, Taiwan specifically demanded the return of US$520 million from a total of US$730 million frozen in the Swiss banks. The sum, which Taiwanese authorities describe as "damages," includes all of the funds in bank accounts belonging to fugitive Taiwanese arms broker Andrew Wang (汪傳浦) and members of his family, as well as US$20 million in bank accounts belonging to Kuo Li-heng (郭力恆), a former Taiwanese naval officer, and his brother.
Sun, Sep 10, 2006 - Page 3 News List
Taiwan Quick Take: Retrieval request filed
STAFF WRITER WITH AGENCIES
This story has been viewed 2413 times.
Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.
Listing from 2016-07-20 to 2016-07-27
- Most read
- Most e-mailed
1Philippines rejects Beijing’s conditions for talks over sea
2CCP’s Tom Sawyer ploy nears end
3Bus blaze kills 24 Chinese, local pair
4How secret were Washington’s talks with China?
5Lawmakers fly to Itu Aba, stress its island status