Changhua magistrate's brother to be investigated over 'money laundering'
CNATAIPEI--The government will look into money laundering allegations against Changhua County Magistrate Cho Po-yuan's brother, a justice official said Sunday, after the story was headlined in a local newspaper.
January 7, 2013, 12:00 am TWN
The Agency Against Corruption under the Ministry of Justice “will not turn a blind eye to it,” said the agency's Deputy Director-General Chang Hung-mou.
The magistrate's brother Cho Po-chung reportedly purchased a Taipei City apartment in 2010 for NT$15.7 million (US$540,790) but registered the property in the name of a family friend, the Apple Daily reported Sunday.
Wu Chun-te, the owner of a printing company that has won several bids for Changhua County's projects, allegedly deposited NT$3.5 million in the apartment buyer's account, according to the report.
The matter came to light after the magistrate's brother accused their cousin Cho Che-yi and the family friend of encroaching on his ownership of the apartment because the friend refused to return the property, the report said.
Chang said the agency will first determine whether there are any irregularities involved and will deal with the matter, if there are.
Cho Che-yi and his friend were indicted last December on charges of expropriation of property, Lee Hai-lung, spokesman for New Taipei District Prosecutors Office, confirmed.
Lee said an investigation would be required to determine whether Cho Po-chung broke the law to obtain money for the purchase of the apartment.