Tue, Feb 18, 2003 - Page 2 News List

Hsieh's attorney appeals `ridiculous' bail demand

UNFAIR TREATMENT The Taiwan High Court set bail of NT$20 million for former Taiwan Fertilizer chairman Hsieh Sheng-fu, a sum his lawyer claims he can't match

By Jimmy Chuang  /  STAFF REPORTER

Attorney Chiang Tung-yuan (江東原) yesterday filed a request with the Taipei District Court for a decrease in the NT$20 million bail set for his client, former Taiwan Fertilizer Corp chairman Hsieh Sheng-fu (謝生富).

"A NT$20 million bail is ridiculous. According to the Code of Criminal Procedure, the court has to consider the defendant's financial situation before issuing a bail decision. Hsieh does not have that much money. This is not fair," Chiang said.

Hsieh was detained for alleged involvement in the Zanadau Development Corp (新瑞都) scandal.

He was charged last Friday with corruption for allegedly using Taiwan Fertilizer's money to buy Zanadau stock and also receiving bribes from Su Hui-chen (蘇惠珍), Zanadau's majority shareholder.

If convicted on all accounts, Hsieh could face a 14-year jail sentence.

He has been detained since Oct. 17 last year at the Taipei Detention House.

After a hearing on Saturday, the court decided to release Hsieh and Lawson Corp (正暐) president Lee Ming-che (李明哲) on bail of NT$20 million apiece.

Both Su and former Kaohsiung County Government Public Works Bureau chief Lin Chi-jui (林琦瑞) were ordered released on NT$2 million bail each.

Lin was bailed out immediately, while Su was released at 9am Sunday.

Lee's lawyer Tu Ying-ta (杜英達) was able to bail his client out yesterday afternoon.

In addition to asking the court to reduce Hsieh's bail, Chiang also filed another request for bail because the original bail order expired at 12pm yesterday.

Meanwhile, China Development Financial Holding Corp chairman Liu Tai-ying (劉泰英) remains in detention.

Prosecutors are still investigating Liu's alleged involvement in the scandal.

They have said that there will be a second indictment of more suspects involved in the case, including Liu.

This story has been viewed 3086 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top