Gang and Accountants Set Up Shell Companies to Launder Fraud Proceeds; Police Arrest 25 People and Send Them for Prosecution
A gang led by a man surnamed Su, associated with the Bamboo Union, collaborated with three professional accountants to establish shell companies and launder over TWD 200 million in fraud proceeds, including TWD 66 million obtained through a fake police-prosecutor scam. The Criminal Investigation Bureau arrested Su and 24 others for prosecution.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 16:44
- 🔍 Collected: May 8, 2026 at 17:02 (17 min after Published)
- 🤖 AI Analyzed: May 8, 2026 at 17:49 (47 min after Collected)
Central News Agency
(Central News Agency reporter Liu Chien-Pang, Taipei, May 8th) A man surnamed Su, associated with the Bamboo Union gang, defrauded a woman surnamed Chuang of over TWD 66 million using a fake police-prosecutor scam. The Criminal Investigation Bureau (CIB), upon receiving reports and investigating, discovered that three professional accountants collaborated with Su to help establish multiple shell companies involved in money laundering. Su and 24 others were arrested and sent for prosecution.
The CIB held a press conference today. Deputy Captain Lin Han-Lung of the Seventh Investigation Brigade stated that a citizen had fallen victim to a fake police-prosecutor scam, with total losses exceeding TWD 66 million. Tracing the financial flow revealed that most of the illicit funds flowed into shell companies established by the fraud group. A special task force was formed to investigate the group led by 50-year-old Su, who was suspected of grave offenses.
Police investigations revealed that Su had a Bamboo Union gang background. After obtaining the fraud proceeds, he instructed his subordinates to acquire dormant companies that could still be resold. He then collaborated with 56-year-old accountant Dai and two others to establish shell companies using nominee information and documents to launder the illicit funds.
Police stated that the role of the three accountants in the fraud group was to change company registration information, create fake invoices, assist in finding business registration locations, and allegedly instruct the representatives of the nominee companies on how to respond to inquiries from various government agencies.
Police indicated that the fraud group led by Su used the fake police-prosecutor tactic to deceive the victim Ms. Chuang, resulting in losses of over TWD 66 million. The victim discovered in July last year that the fraud group had provided false information about official agencies and realized she had been victimized, then reported it to the police.
Upon receiving the report, the CIB launched an investigation. The first wave of operations in October last year led to the apprehension of several shell company representatives. In March this year, following leads, Su and the three accountants, along with 21 others, totaling 25 people, were arrested. Seized items included company registration change documents, company seals, laptops, and mobile phones. Police initially estimated the laundered amount to be over TWD 200 million.
After police questioning, Su and the other 24 individuals were transferred to the Taipei District Prosecutors Office for investigation on charges including violating the Anti-Fraud Crime Act, the Money Laundering Control Act, and the Organized Crime Prevention Act.
The CIB stated that the three implicated accountants had violated the spirit of the "Accountants and Tax Agent Anti-Money Laundering and Counter-Terrorist Financing Regulations" and the Money Laundering Control Act's requirements for gatekeepers. The CIB will compile data on the accountants' misconduct and forward it to the competent authority, also recommending that penalties be imposed or supervisory inspections be conducted according to law.
The CIB once again reminds the public to verify suspicious calls or unknown investment messages through multiple channels. They can call 110 and 165 for consultation, or search for "Anti-Fraud Dashboard" online to avoid falling victim to scams and incurring financial losses. (Edited by Chang Ming-Kun) 1150508
(Central News Agency reporter Liu Chien-Pang, Taipei, May 8th) A man surnamed Su, associated with the Bamboo Union gang, defrauded a woman surnamed Chuang of over TWD 66 million using a fake police-prosecutor scam. The Criminal Investigation Bureau (CIB), upon receiving reports and investigating, discovered that three professional accountants collaborated with Su to help establish multiple shell companies involved in money laundering. Su and 24 others were arrested and sent for prosecution.
The CIB held a press conference today. Deputy Captain Lin Han-Lung of the Seventh Investigation Brigade stated that a citizen had fallen victim to a fake police-prosecutor scam, with total losses exceeding TWD 66 million. Tracing the financial flow revealed that most of the illicit funds flowed into shell companies established by the fraud group. A special task force was formed to investigate the group led by 50-year-old Su, who was suspected of grave offenses.
Police investigations revealed that Su had a Bamboo Union gang background. After obtaining the fraud proceeds, he instructed his subordinates to acquire dormant companies that could still be resold. He then collaborated with 56-year-old accountant Dai and two others to establish shell companies using nominee information and documents to launder the illicit funds.
Police stated that the role of the three accountants in the fraud group was to change company registration information, create fake invoices, assist in finding business registration locations, and allegedly instruct the representatives of the nominee companies on how to respond to inquiries from various government agencies.
Police indicated that the fraud group led by Su used the fake police-prosecutor tactic to deceive the victim Ms. Chuang, resulting in losses of over TWD 66 million. The victim discovered in July last year that the fraud group had provided false information about official agencies and realized she had been victimized, then reported it to the police.
Upon receiving the report, the CIB launched an investigation. The first wave of operations in October last year led to the apprehension of several shell company representatives. In March this year, following leads, Su and the three accountants, along with 21 others, totaling 25 people, were arrested. Seized items included company registration change documents, company seals, laptops, and mobile phones. Police initially estimated the laundered amount to be over TWD 200 million.
After police questioning, Su and the other 24 individuals were transferred to the Taipei District Prosecutors Office for investigation on charges including violating the Anti-Fraud Crime Act, the Money Laundering Control Act, and the Organized Crime Prevention Act.
The CIB stated that the three implicated accountants had violated the spirit of the "Accountants and Tax Agent Anti-Money Laundering and Counter-Terrorist Financing Regulations" and the Money Laundering Control Act's requirements for gatekeepers. The CIB will compile data on the accountants' misconduct and forward it to the competent authority, also recommending that penalties be imposed or supervisory inspections be conducted according to law.
The CIB once again reminds the public to verify suspicious calls or unknown investment messages through multiple channels. They can call 110 and 165 for consultation, or search for "Anti-Fraud Dashboard" online to avoid falling victim to scams and incurring financial losses. (Edited by Chang Ming-Kun) 1150508