Switzerland has returned SFr20 million ($20.5 million) to Taiwan, following the conviction of former Taiwanese President Chen Shui-bian for corruption.
This content was published on
1 minute
swissinfo.ch and agencies
Since January 2008 the federal prosecutor has been conducting criminal proceedings against Chen Shui-bian’s son and daughter-in-law on suspicion of money laundering.
The former president of the Republic of Taiwan and his wife were recently sentenced by the Taiwanese courts to a total of 19 years’ imprisonment for corruption.
As part of the proceedings conducted in Switzerland and in response to a request for mutual assistance filed by the Taiwanese authorities, some SFr37 million has been seized. An investigation is being carried out in Switzerland to determine the origin of the remainder of the assets.
Most Read Swiss Abroad
More
How centuries of Swiss emigrants left their mark on the US
Bodycams: essential for good law enforcement, or a privacy risk?
Did you ever come across bodycams in your place of residence and if so, how do you think the use of bodycams alter the relationship between the public and (transport) police?
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss banking regulation leads the field
This content was published on
The G20 meeting of the world’s most influential nations has yet to agree on the Basel III proposals, let alone impose more stringent rules to protect economies from collapsing banks. Individual countries are also plotting their own regulatory course. In the midst of the uncertainty, Swiss banks UBS and Credit Suisse say they can meet…
This content was published on
Valentin Zellweger, the new head of international law at the Swiss foreign ministry, met international reporters in Geneva on Wednesday to discuss a new draft law to help return ill-gotten gains deposited in Swiss banks. Over the past 15 years Switzerland has returned over SFr1.7 billion ($1.57 billion) misappropriated and deposited in Swiss banks by…
This content was published on
The Federal Justice Office in Bern confirmed on Friday that a request was received three days ago and the case was now in the hands of an examining magistrate. The affair, dating back to 1991, involves the controversial $2.5 billion (SFr3.25 billion) sale of six frigates to Taiwan by the French former state-owned firm, Elf…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.