Dynasty Escape featured in The China Post

TAIPEI (The China Post) – Since the establishment of Ill-Gotten Party Asset Settlement Committee, there has been several disciplinary punishments and lawsuit cancelations reported.  However, people still had another great question in mind: does the authority really have that large amount of unknown party asset well-controlled under the current party asset pursuing system? 

Mega Financial violated the Anti-Money Laundry Acts and was fined by both NYDFS, New York Department of financial service, with 180 million USD, and the FED with 29 million USD. However, there still lack evidences to explain the whole operation details, belonging of the accounts with suspicious transactions, and whether Mega Financial was actually involved in money laundry. 

Quoting from recently published book Dynasty Escape, the author believed that there was some connection between 2 cases. Using the example of credit case on TMT (Taiwan Maritime Transportation), the author demonstrated a money laundry case with great cash balance. The author also suggested and deeply discussed that Taiwan lacking transparent banking system under KMT’s political dynasty. 

The author of Dynasty Escape, Nobu Su, was also the chairman of TMT group, which is about to force to bankrupt. He built his shipping empire with unique vision and business strategy, and was famous for investing tens of millions of dollars to turn the “A Whale” from the largest supertanker into the world’s largest skimming vessel and volunteering for cleaning up the oil during the Deepwater Horizon Oil Spill in Mexico in 2010, and without accept any payment from US government. However, he had been rather low key in Taiwan. The last time he got Taiwan media’s attention was because of a report saying that Mega Financial might have sold his TMT outstanding claim greatly undervalue. 

Su’s previous book The Gold Man From the East staring with his own experience, alleged that the international banking system had cast greedy eyes on his multi-billion-dollar shipping empire and almost destroyed it. After a s series of meticulous cross-country search, Su tried to reveal the biggest financial scandal and claimed that to be the real cause of the financial crisis of 2008. He found Taiwan great helped western trouble assets (CDO-CDS) to shred to Australia and New Zealand.  

Following these finding,  Dynasty Escape is a deeper decipherment into how Taiwan’s financial system became the tool of the KMT dynasty’s fund Transferring before the transition of political power in Taiwan? The TMT group became one of the victims in the process. “During my journey writing The Gold Man From the East, I found that Taiwan has become the center of clean up place for west. I couldn’t help thinking: How did all these happened? Then I looked back to Asia and examined further into the economic history of the East and the West over the decade and put all the reflection in Dynasty Escape. None of these is speculation. I have sufficient evidence of my business, most of which have been exposed in this book.” Said Su. 

Starting with the investigation of the Panama report and the Mega Financial money-laundering case, Su dig back into TMT group’s joint loan applied via Mega Financial and the unreasonableness during the process of filing for bankruptcy restructuring, and finally unveiled the artifice behind KMT dynasty’s plutocracy. “All the reactions seem to have the same pattern.” He argued, and claimed that there’s a “Big Mama “ who was called by Cai You-Cai” behind, who is empowered to nominate all the chairman of top 20 banks.

Although the story started from the TMT case, Su said, “This is not personal public interest. Nor I have anything to do with any political party. I believe this happened, Dynasty System that has lasted for generations about which Taiwanese people should know. Not only in Taiwan, some story happens in different countries. In the era of global extreme poverty, all the media is so under control of the rich that true stories can’t be revealed, which is unbearable to me. The identification of people in Taiwan is in question. That’s why I set up “TAIONE Think Tank” for helping young generation, and wrote this book.  

You can read the China Post article here.