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Wednesday, 21 January 2009 - Ex-Taiwan leader's relatives plead guilty to money laundering
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    Read more with google mobile : Ex-Taiwan leader's relatives plead guilty to money laundering

    Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Ex-Taiwan leader's relatives plead guilty to money laundering AFP - 50 minutes ago TAIPEI (AFP) - - Three relatives of Taiwan's former president Chen Shui-bian on Wednesday pleaded guilty to charges of money laundering, as part of a massive corruption case in which the ex-leader has been implicated. Chen's son Chen Chih-chung, his daughter-in-law Huang Jui-chin and his brother-in-law Wu Chin-mao all entered guilty pleas, in the latest development in a case that has gripped the island since Chen himself was arrested in November. The former president, who left office in May after eight years, has been charged with embezzlement, taking bribes and money laundering, influence peddling and blackmail and faces life in prison. He says he is innocent. "I'm guilty," Wu told a Taipei judge, while the younger Chen and Huang nodded when asked if they were guilty. Prosecutors say the suspects may have laundered at least 820 million Taiwan dollars (24.4 million US). Chen and Huang, who had previously promised prosecutors they would send 21 million US dollars back to Taiwan from their Swiss bank accounts, said they would repatriate another 17 million US dollars from abroad. The young Chen also agreed to tell prosecutors the whereabouts of around 600 million Taiwan dollars being kept by his mother, and pleaded for a reduced sentence. The couple apologised for the political turbulence the case had caused. Chen Chih-chung bowed twice to show his remorse as he spoke to reporters after the hearing while his tearful wife looked on. "After some reflection, we decided to face justice," he said. "We were not aware of the difference between managing money and money laundering. We are sorry and we promise not to make the same mistake again. We hope we can be given another chance." The young Chen said his mother had promised to show up in court at a hearing scheduled for February 10-11. The wheelchair-bound Wu -- the first wife of a Taiwanese leader to be prosecuted -- collapsed at court in late 2006 at the start of her trial and has since been excused from all court sessions on health grounds. Former president Chen insisted two days ago that he was innocent of taking bribes, as he appeared in court for a pre-trial hearing on charges he says are politically motivated. He had previously admitted that his wife Wu Shu-chen transferred 20 million US dollars abroad, but said that money was from past campaign funds and that she had done so without his knowledge. Chen is already under investigation for allegedly embezzling 14.8 million Taiwan dollars (480,500 US) in special expenses from the government while he was president, and his wife is on trial for corruption and document forgery in the same case. Chen has admitted using false receipts to claim money from the state, but insisted those funds were used for "secret diplomatic missions" and not his personal benefit. Nevertheless, prosecutors found that at least 1.5 million Taiwan dollars had been spent on diamond rings and other luxury items for his wife. Chen was fiercely in favour of Taiwanese independence from China, which considers the island part of its territory, and says he is the victim of a witch hunt by the current pro-China government, which took power after he stepped down last year. No date has yet been set for his trial to begin. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific NKorea, Iran open to US efforts to defuse tensionAP - 25 minutes ago Indian PM declared fit after heart tests: doctorAFP - 34 minutes ago Tajikistan warns of possible water shortage crisisAP - 35 minutes ago Ex-Taiwan leader's relatives plead guilty to money launderingAFP - 50 minutes ago Thailand refuses to grant access to Myanmar boat peopleAFP - 1 hour 2 minutes ago Most Popular – Asia Pacific Viewed Fairy godfather invites disadvantaged to inaugural ball 'Dogs don't wear condoms,' says Baywatch star Anderson RBS shares collapse on forecast of record annual loss US activists vent their rage as Bush exits 'Overwhelming emotion' at star-studded inaugural concert View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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