Taiwan's Current Sea Foundation Chairman, Cheng Wen-tsang, Resigns Amidst Bribery Allegations with NT$5 Million Bail Set

Reported about 1 year ago

FTNN News reported that Cheng Wen-tsang, the current chairman of the Sea Foundation, resigned from his position after being accused of bribery during his tenure as the mayor of Taoyuan City. Taoyuan District Court set NT$5 million bail and imposed restrictions on his residence, travel, and overseas activities. The Sea Foundation announced Cheng's resignation on July 7 to avoid impacting team operations. Cheng states he will defend his innocence in the judicial process. The news also highlights that until a court ruling is made, individuals should be presumed innocent. The article points out the need for further actions to address the situation beyond Cheng's resignation.

Source: YAHOO

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