Taiwan prosecutors search home of former Mega Financial chief

Mega Financial Holding Co

10/09/2016 05:39

TAIPEI, Sept 10 (Reuters) - Prosecutors in Taiwan said on 
Saturday they had searched the residence of the former chairman 
of state-run Mega Financial Holding  2886.TW , in the latest 
government probe after its New York banking branch was fined by 
U.S. authorities. 
    The government has said it has questioned more than 20 
people, including ex-chairman Mckinney Tsai, whose home was 
searched. The banking branch was fined $180 million for 
violations that included lax attention to risk exposure in 
Panama.  urn:newsml:reuters.com:*:nL3N1B0416  urn:newsml:reuters.com:*:nL3N1BE2HQ 
    Prosecutors have named Tsai as a defendant in the case and 
prohibited him from travelling outside Taiwan last month.  
    "Tsai is under great suspicion," said deputy chief 
prosecutor Chang Chieh-chin of the Taipei District Prosecutors 
Office, declining to elaborate further.   
    "We'll review the evidence we've found," said Chang, adding 
that Tsai had been released on bail of T$3 million ($95,000). 
($1=31.5100 Taiwan dollars) 
 
 (Reporting by Faith Hung; Editing by Clarence Fernandez) 
 ((faith.hung@thomsonreuters.com; 8862 2500 4893; Reuters 
Messaging: faith.hung.thomsonreuters.com@thomsonreuters.net)) 
 
Keywords: TAIWAN MEGAFINANCIAL/