Keelung candidate calls for probe into rival's finances
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Loading... - Chang Chen
- 13 Oct 2022
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The Democratic Progressive Party’s (DPP) Keelung mayoral candidate, Legislator Tsai Shih-ying (蔡é©æ‡‰), yesterday called for a judicial investigation into the company finances of rival Chinese Nationalist Party (KMT) candidate Hsieh Kuo-liang (è¬åœ‹æ¨‘).
Tsai said Hsieh allegedly lent NT$100 million (US$3.14 million at the current exchange rate) to a business executive, and allegedly registered shell companies in tax havens to engage in international money laundering.
Tsai said that he and most Keelung residents are regular people, who cannot imagine possessing NT$100 million, let alone giving it to a friend.
At a news conference yesterday, Hsieh “spoke of lending NT$100 million like it was an easy, simple money transfer. A regular person has no way of engaging in such high-stakes financing,” Tsai said.
Together with fellow DPP members, Tsai presented findings by prosecutors that Hsieh had in 2018 transferred US$3.2 million from three companies under his control to the accounts of Lin Kuan-pai (æž—å† ç™¾), the former chairman of Taipei-based Reliance Securities Co (å¾·ä¿¡è‰åˆ¸).
The transfer was related to a case involving Gold Star International Co (金星國際投資) and Reliance Securities in which Lin and two other business associates were last month indicted on charges of money laundering and breach of trust for illegally transferring NT$152.5 million.
According to the indictment, Lin allegedly used several companies to evade taxes and hide his assets from regulators, while Hsieh allegedly colluded with him by lending him US$3.2 million and later collecting NT$3 million in interest.
Tsai slammed Hsieh for trying to evade his role in the case. Read More…
