Reported about 1 year ago
Zheng Wencan, the chairman of the Straits Exchange Foundation, was taken away by law enforcement due to his involvement in corruption charges linked to a land development project in Taoyuan. After being held, he was released on bail of 5 million NTD. The controversy arose when a specific land rezoning initiative did not go as planned, resulting in Zheng having to refund 800 million NTD, with 300 million remaining unaccounted for, prompting allegations of financial misconduct among stakeholders.
Source: YAHOO