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May 28, 2017

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Man with burned banknotes in Vietnam assisted by gov't

TAIPEI, Taiwan -- A Taiwanese businessman has managed to redeem NT$320,000 (US$10,550) in cash that was partially burned in a fire in Vietnam, after he solicited the help of forensic experts at Taiwan's Investigation Bureau, the bureau said yesterday.

The case marked the first time that the bureau helped to examine banknotes damaged overseas.

The bureau, however, said the service is limited to Taiwanese bills and does not cover foreign currencies.

The man, surnamed Lu, suffered huge losses when his furniture factory in Vietnam was destroyed by fire last December, according to the bureau.

His damaged assets included NT$2 million in Taiwanese and foreign currencies, the bureau said.

Because Vietnamese authorities lacked the expertise to examine banknotes damaged in a fire, Lu turned to Taiwan's Investigation Bureau for help.

The damaged Taiwan bills were carefully packaged and shipped back to Taiwan. Forensic experts spent weeks restoring the bills, with the help of specialized equipment, and determined the value as NT$328,200.

Since 1973, the Investigation Bureau has accepted 3,721 requests for the examination of damaged bills worth a total of NT$165.99 million, according to its statistics.

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