Reported about 1 year ago
On July 6, 2024, at 3:25 AM, Cheng Wen-tsang, the chairman of the Straits Exchange Foundation, was involved in a corruption case related to land development. The prosecution quickly applied for his detention and restriction, but after questioning, the judge allowed Cheng Wen-tsang to be released on bail of 5 million Taiwanese dollars with constraints on residence, travel, and sea travel. The prosecutor immediately appealed in court. Cheng Wen-tsang, smiling, left the Taoyuan District Court around 2:35 PM without commenting on the allegations. The prosecutors argued that the court's decision to release him was improper and filed an immediate appeal.※ Those not convicted should be presumed innocent. Editor/Chen Ying-zhen. For more news on Taiwan News: Cheng Wen-tsang's asset declaration revealed! Over 30 million in deposits, 12.48 million in insurance Cheng Wen-tsang resigns as chairman of the Straits Exchange Foundation, presidential office: respect the decision, handle follow-up personnel matters according to procedure Straits Exchange Foundation Chairman Cheng Wen-tsang implicated in corruption, released on 5 million bail, and promptly resigns the next day!
Source: YAHOO