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<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>Coffee Shop Talk - No wonder MM Lee is scared losing power</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">shiwangti (Qinhuang) <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Aug-14 9:40 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 4) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>727.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Former Taiwan president Ah bian was deposed by Ma not long ago. During his trial in court, he admitted he had broken law and his wife had shifted an unspecified amount of money abroad from the campaign donations he received.
Former Thailand PM has escaped from Thailand amidst the corruption trial. Malaysia is going through a thorough Reformasi. Is MM Lee afraid of being investigated if PAP is defeated and is bent to using red herrings to threaten the voters very often nowadays if he got a change to speak up in the public. I believe the fear in him is just simply too great. Poor old man. Skeletons cannot be hidden forever if there are any, it will be exposed someday.
(08-14) 04:25 PDT TAIPEI, Taiwan (AP) --
Taiwan's former president admitted Thursday that he broke the law by not truthfully declaring campaign donations he received, and said that his wife sent an unspecified amount of money abroad.
Chen Shui-bian's statement followed a lawmaker's allegations earlier in the day that Chen's son and daughter-in-law moved $31 million to Switzerland in 2007. Hung Hsiu-chu of the ruling Nationalists said the money was then forwarded to the Cayman Islands.
Taiwan's Foreign Ministry confirmed Thursday that Swiss authorities had asked the island to cooperate in an unspecified case.
"We have passed the Swiss request to relevant agencies," Foreign Ministry spokesman Henry Chen said.
Speaking to reporters in Taipei, Chen admitted that he had erred by not fully disclosing donations he received in four political campaigns beginning in 1994, including his two successful bids for the presidency in 2000 and 2004.
"I did something not allowed by the law," he said.
Chen also said his wife sent an undisclosed amount of money to an unspecified foreign location, but insisted that the funds would be used to underwrite "Taiwanese diplomatic work" he would conduct in his post-presidential career.
"At the beginning of this year, my wife told me she wired money overseas left from previous campaigns," he said. "She didn't let me know beforehand."
In a written statement, Hung said that earlier this year Swiss federal prosecutors ordered the seizure of all papers related to the bank accounts of Chen's daughter-in-law, Huang Jui-ching.
Hung said that in early 2007, $21 million was wired to two accounts Huang controlled in Switzerland, before being moved to the Cayman Islands. Later in the year, an additional $10 million was moved to the Islands from a Swiss account controlled by Chen's son, Chen Chih-chung.
Chen left the presidency in May 2008, two months after the candidate of his Democratic Progressive Party was soundly beaten in the presidential poll by the then opposition Nationalists.
A major factor in the DPP's defeat was a series of high profile corruption cases involving Chen, his immediate family and inner circle.
[URL="http://www.asiamedia.ucla.edu/articl...parentid=95965"]http://www.asiamedia.ucla.edu/articl...parentid=95965[/URL]
TAIWAN: Chen denies tabloid report about money laundering
'Next' magazine reports that money remitted to the United States were from the former president and his wife's bank accounts and from dummy accounts used for stock trading
The China Post
Thursday, August 14, 2008
TAIPEI, Taiwan --- Former President Chen Shui-bian yesterday dismissed a report alleging that he had remitted NT$300 million out of Taiwan in an act of money laundering.
Chen's lawyer Lee Sheng-chen cited the former president describing the money laundering allegations in the Next magazine report as being "totally unfounded."
Lee said Chen had yet to instruct whether any legal actions would be taken against the magazine over the report.
The magazine, in its latest issue published yesterday, claimed that Chen in 2006 remitted the NT$300 million to the United States via bank accounts belonging to his daughter-in-law and her family.
The report cited high-level sources with prosecutors as revealing that the money were from the bank accounts of Chen and his wife, Wu Shu-chen, and several dummy accounts that the former first lady had used for stock trading.
Chen and his wife withdrew the money from the accounts shortly after a series of corruption scandals erupted implicating the former first family in 2006, the report claimed.
The remittance of the money out of Taiwan took place around the time when their son, Chen Chih-chung, flew alone to the United States, it added.
Investigators have also traced a total of almost NT$1 billion that the Chen family had transferred overseas, it said.
The magazine claimed that the investigators obtained the information through an international anti-money laundering alliance.
A former chief aide of Chen's, Lin Teh-hsun, had previously asked if the former president had remitted such large sums of money out of Taiwan after learning that investigators were taking a look into the matter, the report said.
Chen gave Lin a telling silent response, it said.
But Chen's lawyer said the former president and his wife could not have hidden their money overseas as they had declared all their assets with the government watchdog Control Yuan.
Lin reacted to the Next report by denying that he had ever asked the former president concerning the alleged sums, describing the report as "pure fabrication."
Chen is being investigated for allegedly embezzling the presidential state affairs expense account, for which his wife has already been indicted.
But both have denied the charges, with the president claiming that the allegedly misused money from state affairs expense account had been spent on secret diplomatic missions.
<HR SIZE=1>Edited 8/15/2008 12:41 am ET by shiwangti (Qinhuang)</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
Former Thailand PM has escaped from Thailand amidst the corruption trial. Malaysia is going through a thorough Reformasi. Is MM Lee afraid of being investigated if PAP is defeated and is bent to using red herrings to threaten the voters very often nowadays if he got a change to speak up in the public. I believe the fear in him is just simply too great. Poor old man. Skeletons cannot be hidden forever if there are any, it will be exposed someday.
(08-14) 04:25 PDT TAIPEI, Taiwan (AP) --
Taiwan's former president admitted Thursday that he broke the law by not truthfully declaring campaign donations he received, and said that his wife sent an unspecified amount of money abroad.
Chen Shui-bian's statement followed a lawmaker's allegations earlier in the day that Chen's son and daughter-in-law moved $31 million to Switzerland in 2007. Hung Hsiu-chu of the ruling Nationalists said the money was then forwarded to the Cayman Islands.
Taiwan's Foreign Ministry confirmed Thursday that Swiss authorities had asked the island to cooperate in an unspecified case.
"We have passed the Swiss request to relevant agencies," Foreign Ministry spokesman Henry Chen said.
Speaking to reporters in Taipei, Chen admitted that he had erred by not fully disclosing donations he received in four political campaigns beginning in 1994, including his two successful bids for the presidency in 2000 and 2004.
"I did something not allowed by the law," he said.
Chen also said his wife sent an undisclosed amount of money to an unspecified foreign location, but insisted that the funds would be used to underwrite "Taiwanese diplomatic work" he would conduct in his post-presidential career.
"At the beginning of this year, my wife told me she wired money overseas left from previous campaigns," he said. "She didn't let me know beforehand."
In a written statement, Hung said that earlier this year Swiss federal prosecutors ordered the seizure of all papers related to the bank accounts of Chen's daughter-in-law, Huang Jui-ching.
Hung said that in early 2007, $21 million was wired to two accounts Huang controlled in Switzerland, before being moved to the Cayman Islands. Later in the year, an additional $10 million was moved to the Islands from a Swiss account controlled by Chen's son, Chen Chih-chung.
Chen left the presidency in May 2008, two months after the candidate of his Democratic Progressive Party was soundly beaten in the presidential poll by the then opposition Nationalists.
A major factor in the DPP's defeat was a series of high profile corruption cases involving Chen, his immediate family and inner circle.
[URL="http://www.asiamedia.ucla.edu/articl...parentid=95965"]http://www.asiamedia.ucla.edu/articl...parentid=95965[/URL]
TAIWAN: Chen denies tabloid report about money laundering
'Next' magazine reports that money remitted to the United States were from the former president and his wife's bank accounts and from dummy accounts used for stock trading
The China Post
Thursday, August 14, 2008
TAIPEI, Taiwan --- Former President Chen Shui-bian yesterday dismissed a report alleging that he had remitted NT$300 million out of Taiwan in an act of money laundering.
Chen's lawyer Lee Sheng-chen cited the former president describing the money laundering allegations in the Next magazine report as being "totally unfounded."
Lee said Chen had yet to instruct whether any legal actions would be taken against the magazine over the report.
The magazine, in its latest issue published yesterday, claimed that Chen in 2006 remitted the NT$300 million to the United States via bank accounts belonging to his daughter-in-law and her family.
The report cited high-level sources with prosecutors as revealing that the money were from the bank accounts of Chen and his wife, Wu Shu-chen, and several dummy accounts that the former first lady had used for stock trading.
Chen and his wife withdrew the money from the accounts shortly after a series of corruption scandals erupted implicating the former first family in 2006, the report claimed.
The remittance of the money out of Taiwan took place around the time when their son, Chen Chih-chung, flew alone to the United States, it added.
Investigators have also traced a total of almost NT$1 billion that the Chen family had transferred overseas, it said.
The magazine claimed that the investigators obtained the information through an international anti-money laundering alliance.
A former chief aide of Chen's, Lin Teh-hsun, had previously asked if the former president had remitted such large sums of money out of Taiwan after learning that investigators were taking a look into the matter, the report said.
Chen gave Lin a telling silent response, it said.
But Chen's lawyer said the former president and his wife could not have hidden their money overseas as they had declared all their assets with the government watchdog Control Yuan.
Lin reacted to the Next report by denying that he had ever asked the former president concerning the alleged sums, describing the report as "pure fabrication."
Chen is being investigated for allegedly embezzling the presidential state affairs expense account, for which his wife has already been indicted.
But both have denied the charges, with the president claiming that the allegedly misused money from state affairs expense account had been spent on secret diplomatic missions.
<HR SIZE=1>Edited 8/15/2008 12:41 am ET by shiwangti (Qinhuang)</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
