Reported about 1 year ago
FTNN News reported on July 5, 2024, that Cheng Wen-Tsan, the chairman of the Straits Exchange Foundation, was taken in by the Taoyuan District Prosecutors' Office for questioning and subsequently detained overnight. The prosecution suspects him of bribery related to official duties under the Anti-Corruption Act. Cheng is believed to be involved in a land case in Guishan that was unsuccessful, allegedly using a proxy to return funds to consolidate evidence. Cheng Wen-Tsan has posted bail of 5 million and is being investigated for three serious charges, possibly linked to a power struggle.
Source: YAHOO