Prosecutors chasing bribe money in more Farglory cases
Taiwan News, Staff Writer
2014-06-03 02:24 PM
Prosecutors and police investigators are digging deeper into the dealings of Farglory Group as group president Chao Teng-hsiung sits in detention in Taipei after Taipei District Court reversed its decision to grant bail to Chao and group vice-president Wei Chun-hsiung. Prosecutors are focusing primarily on the Ba-de Affordable Housing project in Taoyuan County but have also expanded their probe to include five other cases so far.

Chao reportedly has already confessed to delivering bribes of NT$16 million, but former Taipei University of Technology Professor Tsai Ren-hui – identified as the go-between and bag man in the case – is also talking to prosecutors, and more suspects may be drawn into the case in addition to Deputy Taoyuan County Magistrate Yeh Shih-wen. The total amount of the bribes could also be considerably higher than NT$16 million.

In addition to the Ba-de case being unraveled by Tsai, prosecutors are looking into the A7 project in Linkou and even farther afield at the C4 and C5 urban renewal projects in the eastern district of Tainan City and another urban renewal project in Nantun District of Taichung.

Currently Farglory is engaged in a number of construction and renewal projects including the affordable housing projects in Taoyuan and a large stadium at Linkou. The group is handling six urban renewal projects in Xindian, Xinzhu, Taichung and Tainan.

At the same time, prosecutors are working to reason out a NT$2-million discrepancy between the figure of NT$16 million claimed by Tsai and the NT$18.2 million quoted by Yeh.Shih-wen.

Advertisement »
HOME |  WORLD |  Politics |  Business |  Sports |  TAIWAN |  Technology |  Health |  Society |  OPINION |  E-Paper
  • Taiwan News  ©  2016 All Rights Reserved.