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Farglory chairman detained on bribery charges
Central News Agency
2014-06-02 08:27 AM
Taipei, June 2 (CNA) The Taipei District Court on Monday reversed an earlier ruling and granted the prosecution's request that Chao Teng-hsiung, chairman of Farglory Land Development Co., be detained and held incommunicado on charges connected to a public housing project. Wei Chun-hsiung, a senior Farglory executive, was also detained. The district court ruling came hours after the Taiwan High Court, acting on the prosecution's appeal, threw out the lower court's decision Saturday to release Chao and Wei on bail. The two are being investigated on allegations of paying a bribe of NT$16 million (US$532,561) through an intermediary to Taoyuan County Deputy Magistrate Yeh Shih-wen to win a public building contract, which Farglory won in April with a NT$1.3 billion bid. Yeh and Tsai Jen-hui, the alleged intermediary, were both taken into custody Saturday. (By Huang Yi-han and Jay Chen)
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