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Saturday, October 18, 2014

Swiss court OKs freezing of Taiwan arms broker's funds

La Lafayette class FFGThe Federal Supreme Court of Switzerland has ruled in favor of freezing the bank accounts of Andrew Wang (汪傳浦), the Taiwanese arms broker implicated in a corruption scandal dating back to the 1991 procurement of Lafayette-class frigates from France, Taiwan said Friday.

The Ministry of Foreign Affairs in Taipei said the Swiss court turned down an appeal filed by Wang against a decision by the European country's Federal Department of Justice and Police to freeze his accounts, and the ruling is final.

Swiss authorities have frozen about US$700 million in bank accounts belonging to Wang and former Taiwan Navy Captain Kuo Li-heng (郭力恆) since 2001 at the request of Taiwanese judicial authorities.

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