Reported about 1 year ago
On July 6, 2024, Cheng Wen-tsang, the chairman of the Straits Exchange Foundation, was suspected of bribery during his tenure as the mayor of Taoyuan City, leading to an investigation and subsequent bail set at NT$5 million by the Taoyuan District Court. Taipei City Councilor from the Kuomintang, Lee Ming-hsien, remarked on Cheng's impressive ability to quickly gather the bail amount, indicating his surprising financial strength. Cheng was arrested due to suspected involvement in a land development scandal, with restrictions in place on his movements and interactions. Concerns were raised about the source and handling of the bail money, considering the weight and volume of cash involved.
Source: YAHOO