High Court orders return of illegal proceedsBy Jason Pan / Staff reporterA High Court ruling yesterday could pave the way for the return to the government of US$520 million of illegal proceeds from arms dealer Andrew Wang’s (汪傳浦) family in the latest chapter of the Lafayette frigate procurement scandal . Wang reportedly died in the UK in 2015. Following the Supreme Court’s decision, Switzerland in February agreed to return US$266 million to Taiwan, while the procedure for the return of another US$312.5 million is under way, ministry officials said. The deal soon became embroiled in allegations of corruption, bribery and other illegal activities involving Wang, Taiwanese naval officials and many other parties. A fugitive since 1993 who is on Taiwan’s most wanted list, Wang reportedly died in the UK in 2015 at the age of 86.

Source: Taipei Times July 14, 2021 15:56 UTC