Court considers an appeal to bail ruling for Farglory chief
Central News Agency
2014-06-01 12:17 PM
Taipei, June 1 (CNA) A decision may come on Sunday as the Taiwan High Court is expected to rule on an appeal to reverse a local court's decision to release Chao Teng-hsiung, a real estate tycoon, on bail. Chao, chairman of Farglory Group, was released on bail Saturday after being question overnight regarding allegations that he bribed a local government official in connection with a development project in Taoyuan County. Bail was posted at NT$5 million (US$166,500) and Chao was barred from traveling overseas pending furthering legal proceedings. Further, Wei Chun-hsiung, an official of Farglory Group, was also released on bail Saturday and barred from traveling overseas. The Taipei District Prosecutors Office filed the appeal to reverse a Taipei District Court's ruling to release Chao and Wei on bail, requesting that the two real estate developers be held in custody to prevent their collusion. The court approved the detention of two other suspects, Taoyuan's deputy magistrate Yeh Shih-wen and Tsai Jen-hui, a former college professor, Saturday. (By Huang Yi-han and Kuo Chung-han)Enditem/ROBERT
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