TAIPEI, Sept 10 Prosecutors in Taiwan said on
Saturday they had searched the residence of the former chairman
of state-run Mega Financial Holding, in the latest
government probe after its New York banking branch was fined by
The government has said it has questioned more than 20
people, including ex-chairman Mckinney Tsai, whose home was
searched. The banking branch was fined $180 million for
violations that included lax attention to risk exposure in
Prosecutors have named Tsai as a defendant in the case and
prohibited him from travelling outside Taiwan last month.
"Tsai is under great suspicion," said deputy chief
prosecutor Chang Chieh-chin of the Taipei District Prosecutors
Office, declining to elaborate further.
"We'll review the evidence we've found," said Chang, adding
that Tsai had been released on bail of T$3 million ($95,000).
($1=31.5100 Taiwan dollars)
(Reporting by Faith Hung; Editing by Clarence Fernandez)