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Diplomatic fraudster broker sent home to sg after prison term

SIMM0NS

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Asset

Diplomatic broker sent home after prison term

By Joseph Yeh, The China Post
February 8, 2014, 12:06 am TWN

p16e.jpg


Wu Shih-tsai checks in at an airline desk at the Taiwan Taoyuan International Airport, yesterday, for a Singapore-bound flight after completing his jail term. The Singaporean national was a diplomatic broker jailed over a fraud scandal. (CNA)

TAIPEI, Taiwan -- Taiwan government yesterday deported a Singaporean national diplomatic broker back to Singapore after the man completed his jail term in the country.

Wu Shih-tsai (吳思材), one of the two diplomatic brokers involved in a controversial diplomatic fraud scandal in 2006, has finished his three years and eight months' prison term in Taiwan.

Escorted by Taiwan's immigration officials, Wu boarded a China Airlines plane at Taiwan Taoyuan International Airport around 4 p.m. yesterday, heading back to his home country Singapore.

Wu was previously given six-year jail term for defrauding US$29.8 million from Taiwan's Foreign Ministry while seeking to forge official ties with Papua New Guinea in 2006.

Because of his good behavior in prison, his sentenced was later cut to three years and eight months.

Another suspect in the high-profile diplomatic fraud scandal Ching Chi-ju (金紀玖), a Taiwanese national, is still on the run and he is believed to be hiding in in the United States.

In 2006, Ching was appointed a special broker of the R.O.C., whose mission was to use the nearly US$30 million he had been given by the government to help Taiwan establish diplomatic ties with Papua New Guinea.

Instead of using the funds for their intended purpose, however, Ching, along with his accomplice Wu, transferred the funds to a personal account in Singapore.

The local government later filed a legal suit in Singapore in order to reclaim the funds.

On May 10, 2010, the High Court of Singapore ruled that Ching and Wu had to return the embezzled money to Taiwan. Wu later filed an appeal that was rejected by the Supreme Court.

Ching, who holds a U.S. passport, is reportedly living in Orange County, California.

 

Reddog

Alfrescian
Loyal
what is a diplomatic broker? sell shares?

To put it plainly, these 2 fellows was supposed to help the Taiwan government bribe PNG government officials. Instead, they took the initiative to keep the money (laundered through sinkapore banks) for their own use. Their only problem was to get caught. Unlucky fellows.
 

gingerlyn

Alfrescian (Inf)
Asset
To put it plainly, these 2 fellows was supposed to help the Taiwan government bribe PNG government officials. Instead, they took the initiative to keep the money (laundered through sinkapore banks) for their own use. Their only problem was to get caught. Unlucky fellows.

I up you, pls expose more. it is related to PAP for sure
 
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