Bail for Ting Hsin boss upheld and raised to NT$300m
CNA 2015-02-04 11:47 (GMT+8)
Wei Ying-chung, center, at the district court in Changhua county, Feb. 3. (Photo/CNA)
A district court in Changhua county on Tuesday maintained its decision to grant bail to Wei Ying-chung, the disgraced former chairman of Ting Hsin Oil and Fat Industrial, rejecting an appeal by prosecutors.
The ruling came after the Taiwan High Court ordered the lower court to reconsider its decision to allow Wei to be released on NT$100 million (US$3.2 million) bail on Jan. 28.
In its ruling on Tuesday, the district court again granted Wei bail but increased the amount to NT$300 million (US$9.5 million).
The court also upheld its previous decision to release three other defendants in the case — former Ting Hsin Oil and Fat president Chang Mei-fang, the company's former acting chairman Chen Mao-chia, and Yang Chen-yi, who owns the Vietnamese trading company Dai Hanh Phuc — on NT$5 million (US$159,000) bail.
Wei and the three other defendants were indicted by Changhua prosecutors in late October on multiple fraud charges for selling edible oils that contained ingredients not fit for human consumption, such as oils used in animal feed.
