Taiwanese politician James Soong had NT$415m in Swiss bank account: report leaked | Taiwan News

TAIPEI (Taiwan News) — Taiwanese politician James Soong (宋楚瑜) is on a client list published by Credit Suisse for the Organized Crime and Corruption Reporting Project (OCCRP), which is run by a consortium of journalists from investigation.

A link to the report was included in a Facebook post Monday, Feb. 21, by Vincent Chao (趙怡翔), candidate for Taipei City Councilman. ANC reporters were unable to contact Soong for a statement until 11 p.m. Monday evening, according to the ANC.

The Suisse Secrets data leak, as OCCRP has called it, includes details of approximately 30,000 Credit Suisse clients, including dozens of corrupt officials, criminals and alleged human rights abusers. male, according to OCCRP. The findings, first leaked to German newspaper Süddeutsche Zeitung by a whistleblower, were published jointly by The New York Times, the Guardian and other international media.

The report showed that Taiwan’s opposition Kuomintang (KMT) party had previously accused him of embezzling millions from party coffers, although the allegations were later dropped. The report also mentions accusations against a former French foreign minister for receiving bribes from a 1991 Taiwanese navy supply deal that was formalized when Soong was general secretary of the KMT.

The report shows Soong opened a personal account in 1993. Chao pointed out that was the year Soong rose from KMT chairman to governor of Taiwan province — a legacy position that has since been dissolved.

By the time that account was closed in 2010, Soong had accumulated a balance of 13.67 million Swiss francs (NT$415 million). Chao said Soong should respond to the revelations as soon as possible and tell Taiwanese why he opened a Swiss bank account and where the money came from.

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