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Far Glory execs held without bail in bribery investigation
Taiwan News, Staff Writer
2014-06-02 06:28 PM
Chao Teng-hsiung, chairman of Far Glory Group, is being held incommunicado pending the Investigation of bribery charges in connection with the A7 affordable housing project at Ba-de in Taoyuan County. On Sunday agents of the Independent Commission against Corruption intercepted a truck loaded with an estimated 3.5 tons of documents slated for destruction at Dayuan in Taoyuan County. They seized the documents as evidence in the bribery case and sent it to an undisclosed location for examination.

On May 30 the Taipei District Court released Chao and group vice president Wei Chun-hsiung on bail of NT$5 million and NT$1 million respectively. After Chao huddled company officers in an emergency meeting and the firm attempted to send out a truckload of documents late Sunday night to be shredded and destroyed, prosecutors asked the Taiwan High Court to revoke the two suspects’ bail and hold them Incommunicado while investigation of the case continues. Prosecutors argued that the two were trying to destroy evidence crucial to the case and that they might flee the country despite the relatively high level of their bail bonds.

On Monday morning the Taiwan High Court revoked the original court ruling offering bail for Chao and sent the case back to Taipei District Court. The district court held another hearing later in the morning and ruled that the two men should be held incommunicado.

Prosecutors noted that the documents originally slated for destruction by Far Glory could have a bearing on the current case and night even provide leads to other illegal activity.

The court ruled that the two men should be kept incommunicado and separate from each other to prevent them from coordinating their statements in the case or collaborating to implicate other Far Glory employees for their own actions.

Prosecutors say they also have statements from other principals in the case including one person who is suspected of having acted as a go-between and bagman in arranging and carrying out transactions in the bribery case. The prosecutors office says that agents are following up leads involving other accomplices and establishing the money trail in the bribery operation.

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