Details of Melco Crown Taiwan probe emerge

    Details have emerged of claims made by Taiwan prosecutors that a Melco Crown subsidiary violated foreign exchange controls by transferring $192 million between Taiwan and Macau, newswire G3 reports.
    The Taipei District Prosecutors Office said the Taipei branch of MCE International channelled the funds for high-rollers to use at the company’s City of Dreams and Altira properties in Macau.
    “The illegal conduct of the defendant MCE International and the other defendants is suspected to have harmed this country’s financial order,” the report cited the indictment as saying.
    Prosecutors are calling for the money, which was transferred between July 2009 and January 2013, to be confiscated, it said.
    The indictment charges four employees and the operators behind the Bo Ying VIP room at City of Dreams.
    The company said it will “vigorously” defend itself and believes its Taiwan operations are in compliance with the island’s laws.