TAIPEI, Taiwan — The Taipei District Prosecutors Office summoned former Ministry of Finance (MOF, 財政部) head Chang Sheng-ford (張盛和) for wondering, Monday. Chang turned into delivered in as a witness in the money laundering case at scandal-hit Mega Global Industrial Financial institution (兆豐銀行). Blogging Kit As Chang exited the prosecutor’s Office Monday afternoon, he instructed nearby media that he had no longer been privy to the Financial institution’s violations of U.S. anti-money laundering laws.
In response to questions about Chang’s closely scrutinized Aug. 22 dinner with former Mega Financial institution chairman Mckinney Tsai (蔡友才), Chang stated the dinner turned into scheduled long earlier than the scandal broke out. In line with neighborhood reports, Tsai had met with Chang and accountants at a seafood eating place in Taipei final Monday, Aug. 22.
The assembly prompted suspicion that the 2 may additionally have colluded over testimony before talking with prosecutors. Chang brushed off the accusations, announcing the dinner become arranged long earlier than using an accountant and became held to have a good time Tsai’s new position as chairman of an asset management agency. He stated he did not realize at the time that Tsai was to be summoned for thinking.
“(I) have informed the prosecutor the whole lot I realize, and the whole lot I stated changed into actual,” brought Chang. “Mega Bank’s Ny department violations and mistakes pointed out via U.S. economic regulators are currently below research by using the financial Supervision Fee Sky Birds. “The facts might be cleared up in no time,” Chang stated. Ex-chief Grilled in 8-hour Consultation.
Former Mega Bank chairman Mckinney Tsai became additionally summoned for wondering with the aid of the Taipei District Prosecutors Office Monday afternoon. This comes an afternoon after the monetary Supervisory Commission (FSC, 金管會) puzzled Tsai in a marathon 8-hour assembly Sunday as part of cash-laundering research. Officials stated development turned into being made within the case. However, they refused to offer info.
The research was released after regulators inside the U.S. Slapped Mega Financial institution’s The big apple department with a US$180 million (NT$5.7 billion) excellent. The quality turned into imposed in advance this month for breaching the U.S. Financial institution Secrecy Act, with regulators pronouncing the Financial institution have been lax in tracking its threat publicity in Panama.
FSC Vp Kuei Hsien-Nung (桂先農) stated the intergovernmental research team — a undertaking force formed underneath orders from the Cabinet — aimed to first attain the statistics before determining whether or not cash laundering had taken vicinity and, in that case, who become responsible.
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According to neighborhood media, Tsai arrived at the FSC headquarters in New Taipei around 1 p.M. Before getting into the elevator, he informed waiting newshounds that “there has been a misunderstanding” and that he changed into their “to set matters immediately.” The previous chairman did not go out of the building until 9:30 p.M.