Merrill Lynch in Taipei to explain role in possible money laundering

We'd like to update you on a blog post we brought to you Friday. As reported by Reuters, Merrill Lynch has sent executives to Taipei to clarify their role in possible money laundering. A Chinese paper cited that two Asian-based executives went on behalf of the company. Chen Shui-bain, who was the president from 2000 to 2008, has family members under investigation for holding bank accounts that are believed to be a part of the a money laundering operation. Chen’s son Chen Chic-chung and daughter-in-law Huang Jui Ching are the two under investigation.

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