Taiwan police say sham commerce disguised over TWD1bn in criminal funds

Taiwan's Criminal Investigation Bureau (CIB), the national police investigative agency, alleges that a network used shell companies, false sales records and sham shopping sites to present more than TWD1 billion in combined fraud proceeds and gambling funds as legitimate sales and salary income. Police referred 16 suspects to prosecutors under fraud, money-laundering and organised-crime provisions; guilt has not been established.

Investigators said the suspected leader personally handled more than TWD505 million in cash withdrawals. The official release does not separate the gambling share from the combined TWD1 billion total, so neither figure should be treated as betting turnover.