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Former Cabinet official Lin freed on NT$50 million bail

Former Executive Yuan Secretary-General Lin Yi-shih, who was indicted on corruption-related charges Thursday, was released after his family came up with the NT$50 million bail in 17 hours yesterday evening.

Lin was earlier escorted back to the Taipei Detention Center after initially failing to post the bail set by the Taipei District Court.

The NT$50 million in cash was delivered at around 7:30 p.m. by Lin's wife, Peng Ai-chia, and her lawyers to the district court in two suitcases and tote bags. Lin and Peng walked out of the district court at 9:30 p.m. after officers finished counting the cash and completed Lin's bail process. Peng's lawyers said that she “borrowed a great deal” from friends and family to raise the money.

The scandal broke in June when a local magazine reported that Lin, while serving as a legislator in 2010, had accepted a bribe of NT$63 million (US$2.1 million) to help a private company secure a lucrative contract.

The bribe was paid by the owner of Ti Yung Co. in Kaohsiung, which was seeking to secure a slag treatment contract from a subsidiary of Taiwan-based China Steel Corp., the magazine reported.

Between February and March this year, after Lin had been appointed secretary-general of the Cabinet, he allegedly demanded a further NT$83 million from the company's owner, Chen Chi-hsiang.

When Chen refused to pay up, Lin allegedly pressured China Steel, a listed company in which the government has a controlling stake, to stop supplying slag to Ti Yung Co.

Lin has denied the charges against him.

Lin's mother Shen Jo-lan, who received the bribe along with Lin, was indicted as another principle offender in the bribery case, according to the indictment.

Lin's wife Peng and his two uncles Shen Huan-zhang and Shen Huan-yao — brothers of Shen Jo-lan — were indicted on the charge of money laundering for concealing the bribe on behalf of Lin, the indictment added.

Chen Chi-hsiang, who gave testimony against Lin as a witness for the prosecutors in the investigation, was probed in a separate case by the Kaohsiung District Prosecutors Office.

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 China PM's family has US$2.7 bil. stash: report 
Former Executive Yuan Secretary-General Lin Yi-shih, second left, and wife Peng Ai-chia, walk out of Taipei District Court at 9:30 p.m. yesterday after Peng came up with NT$50 million bail for Lin. (CNA)

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