Breaking News, World News and Taiwan News.

Farglory Group's chairman released on NT$30 mil. bail

TAIPEI, Taiwan -- Former Taoyuan Deputy Magistrate Yeh Shih-wen (葉世文) and Farglory Group Chairman Chao Teng-hsiung (趙藤雄) were indicted on corruption charges yesterday for their involvement in a bribery case, with the latter released on bail of NT$30 million.

Yeh was named a suspect by the Taipei District Prosecutors Office (TDPO) in early June for allegedly accepting bribes from Chao. Upon accepting the bribes, Yeh supposedly assisted the Farglory Group in securing a government housing project development contract.

Aside from Yeh and Chao, another three suspects in the case were indicted as well.

Earlier this month, Yeh confessed to the TDPO that he had received a bribe of NT$4 million for the A7 public housing project in Linkou, New Taipei City, with the prosecution noting that Yeh on Monday deposited NT$4 million in the TDPO's designated account.

When interviewed about his former deputy's indictment, Taoyuan Magistrate John Wu (吳志揚) claimed that he only received Yeh's news the previous morning, and he respects the prosecution's investigations and the results.

The TDPO sealed the investigation concerning the housing project corruption case recently, with the prosecution deeming that Yeh had indeed accepted NT$4 million from Chao and assisted the Farglory Group in landing the contract. The TDPO also discovered that Yeh had hidden NT$33.17 million in “girlfriend” Chen Li-ling's (陳麗玲) bank account, and the sum of money had not been obtained legally.

Following Yeh's confession that he demanded a bribe of NT$26 million from Farglory Group Chairman Chao Teng-hsiung (趙藤雄) for an affordable housing development project in Taoyuan, Yeh on July 7 during a questioning session told Taipei prosecutors about his involvement in the Linkou housing project while he served as Construction and Planning Agency (CPA) director-general.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search