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Taiwanese tycoon questioned in money laundering probe

Prosecutors on Friday questioned the chairman of one of Taiwan’s leading companies as a probe into money laundering claims against former President Chen Shui-bian and his family continued. Jeffrey Koo, chairman of Chinatrust Financial Holding Co., was summoned as a witness over the firm’s suspected role in the money laundering case, said Chen Yun-nan, a spokesman for the probe. Koo’s son Jeffrey Jr, former vice chairman of Chinatrust, is wanted in Taiwan for evading an arrest warrant in 2006 following a probe into alleged irregularities involving the company’s previous bid for rival Mega Financial. Full Story

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