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Liechtenstein returns US$11 million to Taiwan in Lafayette scandal case

Taipei, Feb. 2 (CNA) Liechtenstein has handed over to Taiwan about US$11 million deposited in the country as part of the illicit kickbacks involved in the Lafayette frigate scandal dating back three decades, according to the Ministry of Justice (MOJ) Thursday.

Progress made on return of illegal kickbacks in Lafayette Frigate case | Taiwan News

A Lafayette frigate. CNA file photo A Lafayette frigate. CNA file photo The Ministry of Justice on Friday confirmed that progress has been made in its pursuit of illicit kickbacks involved in the long-running Lafayette frigate scandal. The confirmation came after Switzerland announced that it would return part of the US$900 million it confiscated over corruption allegations linked to the case, which date back three decades. In the frigates case, Switzerland will restitute nearly US$266 million to Taiwan, the Swiss Department of Justice and Police said in a statement on Thursday, referring to the money as illegal commissions paid during an estimated US$2.8 billion deal to buy six Lafayette-class frigates in 1991.

Progress in Lafayette case: ministry

Progress in Lafayette case: ministry KICKBACKS: Local prosecutors will follow up on the case and assist Swiss authorities, if required, to facilitate the return of illegal payments, the Ministry of Justice said Staff writer, with CNA The Ministry of Justice yesterday confirmed that progress has been made in its pursuit of illegal payments made in the long-running Lafayette frigate scandal. Switzerland on Thursday announced that it would return part of the US$900 million it confiscated over corruption allegations linked to the case, which dates back three decades. “In the frigates case, Switzerland will restitute nearly US$266 million to Taiwan,” the Swiss Department of Justice and Police said in a statement, referring to the “illegal commissions” paid during a US$2.8 billion deal to buy six Lafayette-class frigates in 1991.

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