Reported about 1 year ago
Lin Junhong, Chairman of the Straits Exchange Foundation, was detained by the Taoyuan District Prosecutors' Office on July 8, 2024, due to corruption suspicions with a bail of 5 million yuan. He smiled as he left the court after being released on bail. The scandal involves allegations against Lin related to bribery in the development of the Hua Ya Technology Park, a case which shook the political arena. Investigations found crucial evidence in translated interceptions where a 'white glove' mentioned sending money to Zheng, and surveillance footage captured the 'white glove' carrying a black bag into Zheng's official residence. After the translated interceptions were suspected of leaking, Zheng urgently returned the money upon learning about the investigation, claiming it was a loan. Despite previous dismissals due to insufficient evidence, the case was reopened three years later, and searches were conducted in June this year, supporting the suspicions of Zheng's corruption involvement. Although Zheng denied any wrongdoing and resigned as Chairman of the Straits Exchange Foundation, the corruption storm continues. The court deemed Zheng's involvement significant but allowed him bail due to insufficient reason for detention. Zheng, suspected of accepting a 5 million yuan bribe from the Hua Ya Technology Park land development company, was arrested by the investigation bureau and subsequently released on bail. The case, involving a significantly large development profit, has been handed over to the Ministry of the Interior for review. Despite the events happening in 2017, and the subsequent delay in investigations until Zheng's appointment as Chairman of the Straits Exchange Foundation, suspicions of conspiracy have arisen. Amidst the allegations, Zheng emphasizes his commitment to honesty and has voluntarily stepped down from his position, while rumors and speculations continue. Investigations unveiled intercepted conversations where Liao Junsong's son and wife mentioned sending 5 million yuan to Zheng. Surveillance captured Liao carrying a black bag into Zheng’s residence, but no cash confiscation occurred. Despite insufficient evidence leading to case dismissals, authorities persisted in re-investigating, eventually leading to the recent actions. Yang Zhaolin, former General Manager of Taiwan Plastics, retired and posted bail due to his involvement in a bribery case with Zheng. For more details, refer to the full report.
Source: YAHOO