Want China Times, Staff Reporter 2015-02-11
The Swiss branch of HSBC helped Wang Chia-hsing, the eldest son of the late Taiwanese agent Andrew Wang involved in the La Fayette scandal, to alter the dates of documents to hide tens of millions from tax authorities, reports our Chinese-language sister paper China Times.
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| A branch of HSBC in London, where Andrew Wang is understood to have died last month. (File photo/Xinhua) |
The Swiss branch of HSBC helped Wang Chia-hsing, the eldest son of the late Taiwanese agent Andrew Wang involved in the La Fayette scandal, to alter the dates of documents to hide tens of millions from tax authorities, reports our Chinese-language sister paper China Times.
Andrew
Wang, who is udnerstood to have died in London last month, was the Taiwanese
agent of French arms supplier Thomson-CSF. He has been on Taiwan's most wanted
list for corruption and bribery related to a 1991 deal in which Taiwan's navy
bought six La Fayette-class frigates from Thomson-CSF, later renamed Thales SA,
for an inflated price tag of US$2.8 billion. The price included procurement
kickbacks and bribes to facilitate the purchase of the ships, which entered
service with the ROC Navy as Kangding-class frigates.
The
International Consortium of Investigative Journalists found an account of the
bank with over US$38 million relating to Wang Chia-hsing (the relation remains
unclear) was blocked by a court order. The bank's documents obtained by the
consortium documenting conversations between Wang and a clerk of the bank
showed the clerk was willing to change the date on Wang's form to an earlier
date. Wang sought to avoid paying income tax on earnings overseas by having the
bank recognize his status as foreign national resident in Britain, a legal way
to reduce tax.
Andrew Wang
died of illness in London on Jan. 20, according to Taiwan's representative
office in the UK which has confirmed the death with British authorities but did
not specify the cause, Taiwan's Central News Agency reported.
The report
based on the information obtained by Herve Falciani, a former employee of HSBC
Geneva and a computer expert. In 2007, he stole over the data of the bank's
100,000 accounts belonging to members of royal families, celebrities, sports
stars, arms dealers, traders in blood diamonds and dictators and handed it to
the French government the following year.
HSBC's
statement said it has cut nearly 70% of the accounts at its Swiss branches and
reformed its private banking business to avoid being used by launderers and tax
dodgers since 2007.
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A wanted
notice for Andrew Wang. (Photo courtesy of Criminal
Investigation Bureau)
|
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The
Chengde, a ROC Navy Kangding-class (La Fayette) frigate.
(File
photo/China Times)
|
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