Taipei, A Taiwanese woman wanted for her alleged involvement in illegal fundraising activities that generated NT$200 million (US$6.66 million) was turned over by the Philippine authorities to Taiwan on Thursday, after being arrested in a joint effort by law enforcement agencies in the two countries.
It is alleged that from April-November 2016, the 52-year-old woman, identified as Tu Kai-lin (杜凱玲), in collaboration with her brother, husband and another woman surnamed Liu, set up a company in the Philippines as a front to attract investment from members of the public.
By promising high returns and other monetary rewards, Tu and her accomplices successfully raised NT$200 million, according to Taiwan’s Ministry of Justice Investigation Bureau (MJIB).
After their illegal activities were exposed, the group was charged with violating Taiwan’s Banking Act and money laundering, the bureau said.
Taichung prosecutor’s office issued an arrest warrant for her in June 2019.
According to the Investigation Bureau, Tu was arrested in Manila on February 17, 2020 by Philippine law enforcement agencies, using intelligence provided by the bureau and Taiwan’s National Immigration Agency, after her Philippine visa expired.
Tu was first held in a detention facility in Manila due to local community quarantine measures, which restrict people’s movement. She then asked to be deported so that she could face court proceedings in Taiwan, believing Taiwan to be safer amid the COVID-19 pandemic, the bureau said.
Tu’s husband and Liu were arrested earlier and sentenced to four years and eight months and three years and eight months, respectively, in December 2019, while her brother is currently being held in China, according to the bureau.
Source: Focus Taiwan News Channel