Reported about 1 year ago
On July 6, Cheng Wen-tsang, chairman of the Straits Exchange Foundation, was taken away by the Taoyuan District Prosecutors Office for investigation and subsequently remanded after overnight interrogation. The reason allegedly relates to a land development case during his tenure as the mayor of Taoyuan. It's reported that Cheng is suspected of involvement in the unsuccessful development of the Guishan Formosa Plastics Park, where he may have refunded funds through a straw man, leading the prosecutors to take action. The outcome of his detention hearing in the afternoon is crucial for his case, with pundits believing his political career is essentially over regardless of the case's conclusion.
Source: YAHOO