Taiwan’s law enforcement has recently identified and dismantled a money laundering network for alleged involvement in interfering with local elections held on November 26.
Taipei Times, citing Kaohsiung police in southern Taiwan, reported that a man by the surname of Lee was allegedly the group leader and had received about $306.6 million from Beijing in the last 6 months.
Local security officers suspected that Lee’s group was involved in the communist regime’s conspiracy to interfere in the nation’s elections by supporting pro-China candidates.
According to the report, the police team successfully raided Lee’s mansion, captured both him and his girlfriend, and confiscated the allegedly illegal proceeds and three luxury cars.
The allegation came after they had observed Lee’s activities in a previous money laundering case and learned that he took part in illicit businesses.
Lee facilitated fund transfers under the guise of an online gambling and betting website.
Prosecutor Chan Chang-hui disclosed that Lee and his girlfriend used the disguised site to allegedly provide illegal banking and overseas payment services for illicit gambling sites in mainland China.
Lee’s phone call and text history indicated that contacts in China often asked him to help launder funds.
Currently, the case is still under investigation. The primary purpose of the money transfers and the identity of suspects from mainland China remain unidentified.
Moreover, Lee would be charged with violating the Money Laundering Control Act.
According to Chan, Taiwanese prosecutors are stepping up to “combat illegal Chinese money transfers to Taiwan.” These include cryptocurrencies, underground overseas payment, and gaming revenue.
Over the years, the CCP so many times had attempted to intervene in Taiwan’s elections by illicitly funding pro-China candidates’ campaigns. This also involves illicit transfers for money laundering abroad.
The CCP would support its preferred candidates to cover multiple campaign-related costs such as offices, vehicles, staff, printing, rallies, election deposits, and even vote-buying.