Taiwan

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Taiwan into alleged fraud and forgery.

The Government of Grenada has become the latest impoverished nation to suffer the economic consequences of switching diplomatic allegiances from Taiwan to China. The Export-Import Bank of The Republic of China, a Taiwan-based, state-owned specialized bank for export and import credits, is seeking the recovery of $21.6 million, plus interest at $5,761 per day, at the U. S. District Court for the Southern District of New York regarding four loans that are in default.

Complaint in The Export-Import Bank of the Republic of China v. Grenada at the U. S. District Court for the Southern District of New York.

OffshoreAlert has previously reported about the long-running battle between Taiwan and China for influence in the Caribbean in which impoverished countries receive sizeable financial assistance in return for officially recognizing - or refusing to recognize - Taiwan as a country, depending on who is offering the most attractive deal; The Central Bank of Belize issued a warning about United eXchange International Bank on December 1, 2005; Richard Fogerty and James Cleaver, as joint official liquidators of Bancredit Cayman Limited (in liquidation), have filed two civil lawsuits in the United States in an attempt to collect $2.34 million of allegedly unpaid loans that were issued to customers of the banks; Why did First International Bank of Grenada founder Gilbert Allen Ziegler change his name to Van Arthur Brink in June, 1998?[ Florida-based attorney Nigel Scott Grant and his son, Nicolas E. Grant-St. James, who previously established and, in at least one instance, operated sham credit unions in St. Kitts & Nevis, are back in business together, this time onshore; and Kenneth Krys and Christopher Stride, of RSM Cayman Islands, were appointed as Joint Provisional Liquidators of PFA Assurance Group, Ltd. on September 19, 2005 following an investigation by the Cayman Islands Monetary Authority.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Poland into Piotr Osuch, a.k.a. Peter von Hochburg, for alleged investment fraud, check forgery, and using a false passport and driver's license to obtain financing for real estate transactions.

Complaint in The Export-Import Bank of the Republic of China v. The Commonwealth of Dominica at the U. S. District Court for the Southern District of New York. 

Application for the appointment of a Commissioner to collect evidence from Fiserv Correspondent Services Inc. - pursuant to a request for judicial assistance from the United Kingdom - for a criminal investigation into "an alleged fraud scheme executed by a British solicitor, Kevin Dooley, and his firm".

The Taiwan-based International Commercial Bank of China has filed a lawsuit against the Republic of Nauru in an attempt to recover US$12.8 million allegedly owed under a loan arrangement.One of the ways in which Nauru is in default of the loan is through its termination of diplomatic relations with Taiwan, according to the complaint, filed at Federal Court in New York on March 19, 2003.

The Chinese Caribbean.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in South Korea into Seong Jin Hong for alleged embezzlement while serving as president of Continental Co., operator of the Shilla Hotel Casino.

Motion for issuance of a letter rogatory to Taiwan to collect evidence for a criminal investigation in the USA into Chen Sun, President of CIF Group International, for allegedly causing the production and distribution of more than six million counterfeit music CDs.

The future of Taiwan's economic link with the Bahamas has been jeopardized after the Bahamas broke its eight-year diplomatic relationship with Taiwan in favour of China, the Nassau Guardian reported.The policy shift followed the opening of an $80 million container port in Freeport, in which Hutchison Port Property, a subsidiary of Anglo/Sino firm Hutchison Whampoa, has a 50 per cent stake, reported the Guardian.