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Prosecutors prepare to indict Wu Shih-tsai

 Wu shih-tsai, a man involved in a multimillion-dollar diplomatic fraud concerning Taiwan's failed attempt to establish ties with Papua New Guinea, sp...

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Wu shih-tsai, a man involved in a multimillion-dollar diplomatic fraud concerning Taiwan's failed attempt to establish ties with Papua New Guinea, sp...

Prosecutors said yesterday they were preparing to indict Wu Shih-tsai, a key player in the scandal involving an attempt to buy diplomatic relations with Papua New Guinea.
Wu, a Singaporean citizen, said in May that he and Charles Ching, a U.S. citizen, had been commissioned in August 2006 by then-Foreign Minister James Huang (黃志芳) and then-National Security Council (國家安全會議) secretary-general Chiou I-jen (邱義仁) to work on establishing diplomatic relations with Papua New Guinea.
Huang ordered NT$1 billion (US$30 million) wired into Singapore accounts held by Wu and Ching for payment to Papua New Guinea officials once relations were established.
After the deal failed to materialize in December 2006, Ching and the money disappeared. Wu was arrested in Taiwan, while Ching is widely believed to be hiding in China.
Taipei Prosecutors Office spokesman Fred Lin (林錦村) said yesterday that prosecutors received files from Singapore on Wednesday about eight accounts linked to Ching. Prosecutors immediately summoned and questioned Chiou and Huang, Lin said, without elaborating on the contents of the documents and the discussions.
Investigators will also check whether there is any connection between Ching and former President Chen Shui-bian (陳水扁). Prosecutors are investigating him in a case of alleged money laundering after he admitted last week that his wife had moved US$20 million to overseas accounts held by their son and daughter-in-law.
The Singapore accounts held by Wu and Ching held US$29.8 million, Lin said. The money from Wu's account returned to Taiwan to buy real estate, cars and financial products, but did not land in accounts held by former government officials, prosecutors said.
Meanwhile, media reports yesterday alleged that fugitive broker Ching bought the position of vice chairman at the China Engineering Consultants Inc. in the 1990s by paying NT$30 million to former President Chen Shui-bian.


Updated : 2020-12-05 11:02 GMT+08:00