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£15m 'conman' wants to play ball

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Posted by: Cinderella

£15m 'conman' wants to play ball



A businessman accused of vanishing with £15million has insisted he did nothing wrong - but may be prepared to pay some of it back.
Ching Chi-ju disappeared with $29.8million of government money, meant to persuade Papua New Guinea to switch support from China to Taiwan.
A warrant has been issued for his arrest, but his lawyer today insisted Ching had committed no crime.
John S Chang said US citizen Ching was even eager to be questioned by Taiwanese prosecutors.
Reading a statement from Ching, he said: "I shall be cooperating with the investigative and the prosecutorial officials in order to clean up this whole mess."
Ching has been hiding because he was told there was a $10million bounty on his life, Chang said.
Taiwanese officials say Ching was last seen in Taiwan in December 2006, months after his attempted diplomatic deal fell through.
The money was intended as economic aid for Papua New Guinea, providing it switched its recognition from rival China and officially recognised Taiwan.
Taiwan and China have been engaged in fierce competition to win diplomatic allies since the two split amid civil war nearly 60 years ago.
The money was given to two middlemen on the assumption they could induce the impoverished Pacific nation to abandon Beijing.
The effort was abandoned after the Taiwanese government concluded Papua New Guinea was unlikely to change sides.
Taiwanese foreign minister James Huang, deputy premier Chiou I-jen and vice-defence minister Ko Cheng-heng resigned last week over the scandal.
All have acknowledged their involvement with the middlemen but denied any criminal wrongdoing.
A Taiwanese prosecutor put Ching on a most-wanted fugitives list pm Monday and requested the help of US authorities in locating Ching.
Chang said the portion of the $29.8million Ching returns to Taiwan would be decided through discussions with prosecutors.
He said he believes his client still has all but $10million, which was given to another middleman, Wu Shih-tsai.



http://www.metro.co.uk/weird/article...2&in_page_id=2





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