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Ex-president owes NT$290 million in fines: prosecutors

Ex-president owes NT$290 million in fines: prosecutors

Taipei, May 1 (CNA) Jailed former President Chen Shui-bian and his wife still owe about NT$290 million (US$9.9 million) in fines after paying NT$17.3 million in penalties for their roles in a shady land deal, prosecutors said Tuesday. Chen and his wife Wu Shu-jen were handed down a total of NT$300 million in fines and were sentenced to 11 years in prison after being convicted by the Supreme Court in November 2010 of graft in the land deal case in Lungtan, Taoyuan County. With interest, the total amount of the fines reached NT$308 million, and the two still owe NT$290 million in unpaid money, said Huang Mo-hsin, a spokesman of the Taipei District Prosecutors' Office. Meanwhile, the Supreme Court upheld an earlier decision by the Taiwan High Court that rejected an appeal by the Special Investigation Division to seize some of the Chen family's assets for their roles in another bribery case. The court said the assets wanted by the division included savings, securities holdings and land, and overlapped assets the division had applied to confiscate over the Lungtan land deal case. Under the Punishment of Corruption Act and the Money Laundering Prevention Act, the court can decide whether to seize the property of a defendant if the property is determined to be gains from criminal acts. In response, division spokesman Chen Hung-da said the applications for seizing the assets should be dealt with separately. The fact that the Taipei District Prosecutors' Office is in possession of some of the Chen family's assets following the Lungtan case does not guarantee that Chens will pay their fines in the bribery case, which is still ongoing, according to the spokesman. The division will decide how it will respond to the Supreme Court decision after it formally receives the ruling from the court, he added. The former president is currently serving a combined jail term of 17.5 years in prison for corruption during his two terms in office from 2000 to 2008. But he still faces legal proceedings related to irregularities that occurred during his second financial reform initiative, in which several business leaders bribed the former first family in exchange for influence to help them acquire public bank shares. Chen also faces other money laundering and corruption charges. (By Liu Shih-yi and Scully Hsiao)


Updated : 2021-08-02 07:44 GMT+08:00