Taipei prosecutors said in a statement that Taiwan was one of the locations where Chen had funnelled illicit funds via shell companies, buying luxury goods, sports cars and real estate. More than T$5.5 billion in assets have been seized in Taiwan, the prosecutors' office added. In November, the Prince Group denied any wrongdoing in a statement issued via a US law firm. On Monday, Taiwan put 33 luxury cars, including Ferraris, up for auction after they were seized as part of the investigation. Authorities across Asia, including Singapore and Hong Kong, have also seized assets or detained individuals linked to the Prince Group.

Source: The Edge Markets March 04, 2026 04:23 UTC