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Prosecutor freezes PNG middleman Wu's assets

Prosecutor freezes PNG middleman Wu's assets

Taipei Prosecutors' Office yesterday confirmed to local media that they had frozen the assets of middleman Wu Shih-tsai, who was commissioned by the Ministry of Foreign Affairs to help establish diplomatic relations between Taiwan and Papua New Guinea.
The prosecutor put Wu in custody following the case of the missing diplomatic funds on May 6 to prevent him from fleeing. Wu and his partner Ching Chin Ju (金紀玖) are suspected of embezzling US$29.8 million originally meant for setting up the Taiwan-PNG diplomatic relationship.
According to local media, the prosecutor not only froze Wu's bank account in Taiwan but also Wu's two real estates in the Tienmu area, Taipei City. The prosecutors confirmed with local media that they did freeze part of Wu's assets but refused to disclose the details.
False allegation
The local media yesterday also revealed that the police had filed a charge against Wu for fabricating an allegation after officers found out that Wu had invented a story in which he said a gunman had come to him and threatened to take his life. The media said Wu had admitted to the police that he had made it up.
The diplomatic fund scandal, in which the Ministry of Foreign Affairs lost a total US$29.8 million for establishing diplomatic ties with the Pacific country PNG, was disclosed by the media on May 1. The two middlemen, Ching and Wu, were suspected of defalcating the money into their own pockets.
Unknown gunman
Wu, on May 3, came forward to hold a press conference to explain his role in the diplomatic project, saying he did not hold the money but that Ching did. Wu also told the media that an unknown gunman had approached him and asked him to leave this country or risk losing his life.
After Wu made the allegation, the police sent officers to protect him. The police began to look into the case and attempted to track down the gunman Wu had described.
After reviewing all the security camera images and related evidence, the police began to suspect Wu of fabricating the gunman story. From the images collected from security cameras, the police failed to find evidence of the gunman or vehicle Wu described. The police also found out Wu did not return to his lawyer's office after he was threatened, as Wu had claimed.


Updated : 2021-05-10 05:57 GMT+08:00