Shell Trading Company Involved in Money Laundering Over NT$1 Billion; Prosecutors and Police Arrest 12 Suspects
Taipei prosecutors and police arrested 12 suspects, including a man surnamed Chou, for allegedly setting up a shell trading company to launder over NT$1 billion for fraud and gambling syndicates within one year. They were transferred to the Taipei District Prosecutors Office for further questioning this afternoon.
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- 📰 Published: May 6, 2026 at 16:33
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TAIPEI (Central News Agency reporter Hsieh Chun-lin, May 6) - Prosecutors and police received information that a man surnamed Chou allegedly established a shell trading company to launder over NT$1 billion for fraud and gambling syndicates within one year. On the 5th, the Taipei District Prosecutors Office directed police to conduct 14 simultaneous searches, detaining and arresting Chou and 11 others. They were transferred to the Taipei District Prosecutors Office for further questioning this afternoon.
Investigations by prosecutors and police revealed that Chou allegedly used the trading company as a front to launder money for more than 10 companies, with most of these funds originating from fraud and gambling syndicates. After receiving funds, Chou laundered the money in three ways: instructing employees to make large cash withdrawals, arranging transfers to specific individual or company accounts, and creating fake foreign exchange contracts to transfer money overseas. Prosecutors and police initially estimate that since March last year, Chou's company has laundered over NT$1 billion.
On the 5th, prosecutors from the Taipei District Prosecutors Office directed the Criminal Investigation Bureau, armed with search warrants issued by the court, to search 14 locations including Chou's trading company and residences. They detained Chou, his employees, and a person surnamed Wu, the head of an upstream company, totaling 11 individuals. Additionally, one employee wanted for another case was arrested. All were successively transferred to the Taipei District Prosecutors Office for further questioning this afternoon. (Edited by Hsiao Po-wen) 1150506
Investigations by prosecutors and police revealed that Chou allegedly used the trading company as a front to launder money for more than 10 companies, with most of these funds originating from fraud and gambling syndicates. After receiving funds, Chou laundered the money in three ways: instructing employees to make large cash withdrawals, arranging transfers to specific individual or company accounts, and creating fake foreign exchange contracts to transfer money overseas. Prosecutors and police initially estimate that since March last year, Chou's company has laundered over NT$1 billion.
On the 5th, prosecutors from the Taipei District Prosecutors Office directed the Criminal Investigation Bureau, armed with search warrants issued by the court, to search 14 locations including Chou's trading company and residences. They detained Chou, his employees, and a person surnamed Wu, the head of an upstream company, totaling 11 individuals. Additionally, one employee wanted for another case was arrested. All were successively transferred to the Taipei District Prosecutors Office for further questioning this afternoon. (Edited by Hsiao Po-wen) 1150506