Tuesday, May 26, 2015   

Taipei showered El Salvador ex-president Flores with millions in payments via Bank of New York
(01-08 13:59)

Salvadoran ex-president Francisco Flores (Pictured) admitted to a congressional panel that he had received checks worth millions of dollars from Taiwan, but denied the funds were for his personal use.
“I handed in those checks [from Taiwan] for their appropriate use at all times,'' said Flores, who was president from 1999-2004.
President Mauricio Funes last month suggested to reporters that the missing funds might have been skimmed or misused, and said prosecutors would call Flores in for questioning, AFP reports.
Funes recently charged that three checks -- for US$1 million, US$4 million and US$5 million – were issued by the Bank of New York, on behalf of Taiwan, and endorsed by Francisco Flores.
The checks were received by a branch of Banco Cuscatlan in Costa Rica and sent to a bank in the Bahamas, through another bank in Miami, Funes said.
Funes said Taiwan donated the money to El Salvador in the waning months of Flores' presidency, between 2003 and 2004.
But Flores firmly rejected the president's charges about his depositing the funds in particular accounts.
“I would like to say that I have never deposited a check from Taiwan's government in any account; that is key for me, to make clear that I have never deposited a check from Taiwan's government in any account,'' he stressed.
   
Other China breaking news:
Guangdong battles surge in dengue fever (1 hr 43 mins ago)
Tangled mess of metal marks site of elderly home (2 hrs 58 mins ago)
Henan rest home lies in ruins (05-26 16:41)
Elderly survivor of Henan blaze (05-26 16:38)
Jet crashes in flames, student pilot and instructor killed (05-26 16:25)
Lighthouses being built on disputed islands (05-26 16:19)
Defense strategy rejects ‘hegemony’ and ‘power politics’ of external parties (05-26 13:14)
White paper outlines strategy of open seas defense and the right to counterattack (05-26 13:09)
Taiwan proposes plan to ease South China Sea tensions (05-26 12:53)
China downplays South China Sea island development (05-26 12:24)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.