The Changhua County District Prosecutors’ Office yesterday said it would not appeal the Changhua District Court’s decision on Tuesday to approve the release of former Ting Hsin International Group executive Wei Ying-chun (魏應充) on bail of NT$300 million (US$9.5 million).
However, a Taipei District Court ruling yesterday ordered that Wei’s bail be increased by NT$300 million.
The Changhua District Court convened on Tuesday to review the bail, with Judge Wu Yung-liang (吳永粱) upholding previous rulings to allow Wei to post bail of NT$300 million, while ordering him to remain confined to his residence and not leave the country.
Photo: Liu Hsin-de, Taipei Times
The district court also upheld its earlier decision to release three other defendants — former Ting Hsin Oil and Fat Industrial Co general manager, Chang Mei-feng (常梅峰), the company’s former acting president, Chen Mao-chia (陳茂嘉), and Vietnam-based trading firm Dai Hanh Phuc Co owner Yang Chen-yi (楊振益) — on bail of NT$5 million each.
Changhua County Prosecutor-General Lin Han-chiang (林漢強) said that the office understood why the court upheld its previous verdicts, adding that it would not file an appeal.
“We hope the court can focus its efforts on investigating available evidence and expedite court procedures on the case,” Lin said.
Meanwhile, the Taipei District Court also ruled that Wei should provide a guarantor.
The court said that Wei represents a flight risk given his financial assets and might collude with others on testimony.
The court said it had learned that Wei has Singapore residency and personal wealth of NT$1.3 billion.
It also ruled that Chang could post bail for NT$10 million.
Wei’s lawyers oversaw the transfer of the additional NT$300 million for bail into the designated account yesterday.
His brother, Wei Ying-chiao (魏應交), has signed a document that he would provide a guarantee of NT$1 billion, which would be paid if Wei Ying-chun were to jump bail.
The state reserves the right to enforce the collection of the guarantee if it is not paid.
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