Taiwan seeks help in Cayman Islands money-laundering probe

TAIPEI, Taiwan: AFP, August 26, 2008 – Taiwan has sought the help of international banks as part of its probe into an alleged money-laundering case implicating former president Chen Shui-bian and his family, a prosecutor said Tuesday. Taiwan launched a probe this month into alleged money laundering implicating the former first family, following similar moves by Swiss authorities.

Copies of Swiss documents obtained by a Taiwanese lawmaker showed Chen’s son Chen Chih-chung and daughter-in-law Huang Jui-ching transferred 31 million US dollars to her Swiss bank accounts in 2007. They were also suspected of laundering money by setting up companies in the Cayman Islands.


Americans increasingly tired of the Cayman Islands

DENVER, USA: Seattle Post Intelligencer, August 26, 2008 – Politico is reporting that the ferocity of Democratic attacks in Denver against Mitt Romney may indicate they believe he will be John McCain’s running mate. As the Democratic National Convention got underway in Denver, several major Democrats took turns hitting the former Republican presidential candidate.

David Plouffe, the usually soft-spoken manager of Barack Obama’s presidential campaign, lashed out at Romney’s business background on Monday, the Detroit News reports. Plouffe: “He’s someone who has been proficient at using tax havens in places like the Cayman Islands that Americans have become increasingly tired of.”