Ex-Taoyuan official detained, real estate tycoons released on bail
Central News Agency
2014-07-25 11:40 PM
Taipei, July 25 (CNA) Yeh Shih-wen, a former deputy magistrate of Taoyuan County suspected of corruption, was ordered detained Friday while two real estate executives alleged to have bribed Yeh were released on bail, the Taipei District Court ruled Friday. Yeh, Chao Teng-hsiung, the founder of Farglory Land Development Co., and Wei Chun-hsiung, a vice president of the company, and two others were indicted on corruption charges by Taipei District Prosecutors Office earlier Friday for their roles in several land development projects. Chao was released on NT$30 million bail (US$999,958), while Wei was released on NT$5 million bail, but both were ordered by the court to stay in their homes and were barred from leaving the country. In addition to the three, Tsai Jen-hui, a former National Taipei University of Technology Professor who allegedly acted as an intermediary in the exchange of bribes, and Chen Li-ling, Yeh's girlfriend, were also among those indicted. Yeh was charged by prosecutors for taking bribes from Farglory related to two public development projects in two separate roles -- as deputy magistrate of the county and head of the Construction and Planning Agency -- as well as for having income he could not account for. Chao and Wei were indicted for paying bribes to Yeh to get contracts for the public projects. Chao had previously told investigators that he paid NT$16 million to Yeh to win a NT$1.3 billion construction contract in Taoyuan in April. At Friday's court hearing that lasted six hours, Chao pleaded not guilty, saying he was going to lose money on the Taoyuan construction project and that he was "doing a good deed by enabling the public to buy good houses at low prices." (By Page Tsai and Lilian Wu)
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