Cai Family’s Alleged NT$20 Billion Laundering Scheme Unveiled: Luxury Lifestyle and Missing Assets Under Scrutiny
Kaohsiung, Taiwan – A widening examination into an alleged money laundering operation linked to the Cai family has revealed a lavish lifestyle funded by an estimated NT$20 billion (approximately US$620 million), with authorities uncovering a home filled with luxury goods while key assets remain unaccounted for. The case centers around suspected illicit funds funneled through a network of properties and high-end purchases.
Investigators discovered a Bentley key belonging to the Cai family, but the vehicle itself has not been located. While a substantial amount of expensive jewelry was not seized, a collection of famous watches was detained, alongside empty boxes from Richard Mille (RM) and Patek Philippe (PP) – indicating previously owned, now missing, timepieces. This finding comes after the Taichung District Prosecutor’s Office auctioned a limited-edition RM pink diamond-inlaid watch seized in a separate love fraud case for NT$39 million (approximately US$1.2 million) in May, setting a record for the highest auction price for seized assets. Cai Zhengyi’s RM watches are also known to be highly valuable.
The Cai family reportedly amassed a portfolio of properties, initially starting with two residences which expanded to seven due to the group’s performance.
Authorities are investigating the possibility that Tang Sirong, a key figure in the case, may have absconded with portable luxury items when leaving the country. the task force is actively tracing the flow of criminal proceeds and attempting to locate additional hidden assets.