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Relatives jailed Taiwan ex-President agree to transfer funds from Switzerland

Relatives jailed Taiwan ex-President agree to transfer funds from Switzerland

TAIPEI (Taiwan News) – The relatives of jailed ex-President Chen Shui-bian have agreed to the transfer of US$21 million (NT$700 million) from Switzerland to accounts designated by prosecutors, his son announced Tuesday.
The money played a key role in the corruption and money-laundering scandals which earned Chen a life sentence and a fine of NT$200 million last September.
Chen Chih-chung said at a news conference in Kaohsiung Tuesday that he hoped the agreement would lead to his father winning release on bail once the court sessions in his appeals case were completed. The Taiwan High Court is expected to rule on the appeals on June 11.
Former First Lady Wu Shu-jen originally wanted the money wired into a trust managed by an impartial third party. The funds were to be used for humanitarian activities or for Taiwan-related purposes, reports said.
The agreement to transfer the sum into an account chosen by the Supreme Prosecutors Office should also put to rest rumors that the former First Family was unwilling to cooperate, the younger Chen said.
He said the family had done everything in its power to cooperate, and the case of the money was now no longer in its hands. Chen said he had no idea how long it would take for the money to move to Taiwan, as this was a matter to be discussed between the Taiwanese and Swiss judicial authorities.
The former president has been in custody at the Taipei Detention Center in Tucheng, Taipei County, since December 30, 2008. Repeated requests to have him return home were all turned down from the courts, who followed prosecutors’ arguments that he posed a flight risk or might influence witnesses and defendants.
Chen has always vigorously denied the allegations and proclaimed his innocence. He says the Kuomintang administration of President Ma Ying-jeou has enlisted the judiciary in a politically motivated vendetta against him.
Wu was also sentenced to life and fined NT$300 million. About a dozen relatives, friends, former close aides and prominent business people have also been sentenced in the case, which burst into the open in August 2008.


Updated : 2021-04-17 11:23 GMT+08:00