Taiwanese authorities request asset freeze
Authorities in Taiwan are to call on government here to freeze a notorious arms dealer’s assets, according to local media.
It’s thought one of the nation's most wanted criminals has had money stored in a Manx bank account for years.
Andrew Wang fled the Republic of China in 1993, over his embroilment in a bribery and murder case involving French-made warships.
He was reported dead two years ago, with an indictment still to his name.
But now the District Court in Taipei has ordered the seizure of almost £700 million linked to 61 bank accounts in different countries, including the Isle of Man.
Officials are reported to be seeking the return of the money – but a lack of mutual co-operation agreements between the two jurisdictions could make the matter difficult to pursue.