Taipei, Incumbent Legislator Chen Chao-ming (陳超明), who was being detained on suspicion of corruption, has been released on NT$5 million (US$177,302) bail on Friday but is subject to residence restrictions and barred from leaving the country.
When leaving the Taipei District Court after posting bail, Chen of the opposition Kuomintang (KMT) insisted he was innocent and not involved in corruption and said he would offer his side of the story at a press conference at a later date.
Chen, along with Liao Kuo-tung (廖國棟) of the KMT, Su Chen-ching, (蘇震清) of the ruling Democratic Progressive Party (DPP), and former New Power Party legislator Hsu Yung-ming (徐永明) were indicted for alleged violations of the Anti-Corruption Act in September in a case related to ownership of the Pacific SOGO Department store chain.
Prosecutors alleged that they took bribes from former Pacific Distribution Investment Co. Chairman Lee Heng-lung (李恆隆) to help Lee in his legal battle against the Far Eastern Group over ownership of the department store chain.
According to prosecutors, Lee has made payments to the lawmakers at different times since 2013 to buy influence and help him retake ownership of Pacific SOGO, one of the most profitable department store chains in Taiwan.
Prosecutors believe that Su’s former aide Kuo Ke-ming (郭克銘) served as the middleman responsible for delivering bribes to lawmakers and their assistants on Lee’s behalf and gave Chen NT$1 million.
Source: Focus Taiwan News Channel