The founder and chairman of Farglory Group, Chao Teng-hsiung, was released on bail of NT$10 million (US$333,333).
The businessman was interrogated by the Taipei District Prosecutors Office Friday night for his role in a corruption scandal that involves a construction and planning agency official Hong Chia-hung. Hong was released on bail of NT$2 million (US$66,666).
Hong allegedly helped the Farglory Group win land development bids in Hsinchu, Taichung and Tainan from November 2013 to May 2014. The land development projects are worth NT$2 billion (US$66.6 million). Hong allegedly accepted a bribe of more than US$330,000 in exchange for his cooperation.
Both men denied any wrongdoing during the interrogation.