Diamond Rings And Other Luxuries Implicate Taiwan Ex-President
Wednesday, August 20th, 2008Chen Shui-bian, the former President of Taiwan is being held captive in the country he headed till very recently. For eight years, he enjoyed being at the helm of a fast developing and advancing country. However, allegations of money laundering have been made against him and his family and it looks like the investigation will be on for a long time.
Chen’s son and daughter-in-law are supposed to have transferred nearly £15 million to Swiss bank accounts last year. The couple is away studying in the US. Chen’s wife too, is reported to have wired nearly £10 abroad and these were taken from his campaign fund. Chen however denies all knowledge of these allegations and states that he did no wrong. This is in spite of the fact that most people believe that he embezzled money in special expenses during his term as President.
Prosecutors have unearthed the expense of one and a half million Taiwan dollars on luxuries for his wife – and a lot of that money was spent on diamond rings. The lure of the sparkle of diamonds was a bit too much to resist, we believe. Little wonder the party lost the last election.


