Taipei, Aug. 13 (CNA) The Supreme Court has granted a request to seize over US$400 million in funds from the heirs of Andrew Wang (汪傳浦), an arms broker at the center of a scandal involving the Taiwan Navy's purchase of Lafayette frigates from France in the 1990s.
Prosecutors on Tuesday requested that the Taipei District Court impose the maximum sentence against former president Ma Ying-jeou (馬英九) for allegedly illegally profiting from the sale of three media companies owned by the Chinese Nationalist Party (KMT) which resulted in the party losing NT$7.2 billion (US$258.56 million at current exchange rate).
Ma and the other defendants in the case yesterday released statements denying any wrongdoing, saying they made the deals to dispose of the KMT’s assets and did not derive any personal financial gain.
Ma, Wang Hai-ching (汪海清), former general manager of the KMT’s Central Investment Co, and Chang Che-chen (張哲琛), the
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