Ex-President of Taiwan to be charged with corruption

Posted By on July 6, 2011

BEIJING — Lee Teng-hui, a former president of Taiwan who moved the self-governing island toward democracy, was indicted Thursday on charges of embezzling $7.79 million from a state fund, becoming the second former president of Taiwan to be charged with corruption according to New York Times.

Prosecutors said in a 23-page indictment that Mr. Lee, 88, took money from the government’s National Security Bureau fund while he was in office and laundered it in order to build the Taiwan Research Institute, which became his office after he stepped down in 2000 as president. Liu Tai-ying, one of Mr. Lee’s aides and the founder of the institute, was also charged. […read more]