Taipei police officers suspects in MOP1b investment scam involving Galaxy casino

A Taipei court this week ordered the city’s Investigation Bureau’s Office to pursue their probe into police officers in the Greater Taipei area who are potential suspects in an investment scam involving NT$4.6 billion (MOP1.13 billion), The China Post reported.
Authorities said the police officers are suspected of profiteering sums more than NT$4.6 billion dollars in the name of investing in a Macau casino, starting from August 2012, and have been meeting up at “a cultural goods shop named Crusade 長征.”
Investors are told that if they invest in Galaxy Casino, they could earn a bonus annual interest of between 20 and 60 percent that can be retrieved monthly, and will be treated to two trips to Macau, where their investments can be converted into casino chips, The China Post said.
The Taipei media revealed that the district court brought in six suspects during the first round of interrogations, “including an alleged ring leader surnamed Hsu, an officer surnamed Pan, and a retired officer surnamed Tsai.”
According to The China Post, “one of the three defendants was a division head at Taipei City Police Department’s Songshan Precinct 松山分局 Wu Chung-hsiung, previously awarded as Outstanding Police Officer” for his work in the Taiwan Business Bank heist four years ago.
The local Taipei media added that “money transaction records related to the case and an investment manual – an alleged ‘playbook’ on how to hook new, unwitting investors” had been discovered in Wu’s residence.