Read More
Iran demands transit fees in yuan, stablecoins for Strait of Hormuz passage
03-04-2026 02:45 HKT

The decision reversed a previous order, which ordered Ko's release without bail.
Ko can appeal the ruling.
Prosecutors allege that Core Pacific Group Chairman Sheen Ching-jing gave Kuomintang Taipei City Councilor Ying Hsiao-wei over NT$47.40 million (HK$11.5 million) to lobby the Taipei City government to increase the floor area ratio of Core Pacific City - a shopping mall in Songshan District - to increase the property's financial value.
Ying is believed to have acted as a go-between between Sheen and high-ranking officials, including former Taipei Deputy Mayor Pong Cheng-sheng.Ko joins Ying, Sheen, Pong and Ying's assistant Wu Shun-min, who are all detained and being held incommunicado as suspects in the ongoing investigation.
The Anti-Corruption Act imposes a minimum 10 year prison sentence for bribing officials to undermine their duties, and a minimum five years for seeking unlawful gains.A conviction under this Act would be a significant setback for the TPP, Taiwan's third-largest political party.
Ko, who won 26 percent of the vote in the January presidential candidate election for the party, is also facing a separate criminal investigation related to campaign finance reporting discrepancies.Agencies