The new head of a cross-strait organization focused on facilitating business between Taiwan and China has resigned amid a corruption investigation. Prosecutors say Cheng Wen-tsan was involved in bribery related to a land development project while mayor of Taoyuan.
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00:00The head of a semi-official cross-strait organization has resigned amid a corruption investigation.
00:07Zhang Wenzhan was chair of the Straits Exchange Foundation,
00:11set up to handle business matters between Taiwan and China.
00:15He's a big name in the ruling party. He previously served as vice premier
00:20and as mayor of the city of Taoyuan in northern Taiwan.
00:24Prosecutors say he was involved in a corruption scheme
00:27related to a land development project dating back to 2015. Zhang denies the allegations.
00:35He was released on bail on Saturday after one day in custody.