Taiwan said Friday that it has received around NT$209 million (US$6.74 million) from Swiss authorities that were illicit gains of former Taiwanese president Chen Shui-bian.
The Supreme Prosecutors Office said the Swiss authorities had remitted the sum to its designated bank account in Taiwan.
The money was laundered to Switzerland by Chen’s family members and deposited in Wegelin and Co Private Bankers in accounts held under the names of the former President’s son Chen Chih-chung and his daughter-in-law Huang Jui-ching.
The office said that it solicited judicial assistance from Switzerland to freeze the bank accounts when it began a probe into alleged corruption by the former president in connection with his taking bribes during a period of the nation’s financial restructuring in the early 2000s.