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All nine senior executives of the Prince Group were released on bail, but he made up a story about wanting to "go home and raise turtles." | FTV News reporter Wang Yujun
News link:https://youtu.be/O9hMuJOjcuM?si=yW0EKHddSUm8x3KV
The Prince Group was accused of transnational money laundering. Prosecutors indicted 62 people and held a detention hearing. The nine defendants who were originally detained tried all sorts of tricks to get bail. Chen Weizhi, the head of the water room, even used "turtles" as a reason, saying that "if you keep turtles at home, your wife won't take care of them," which left the judge dumbfounded. However, considering that the prosecution had sufficient evidence, the court finally ruled that all nine senior executives of the Prince Group be released on bail.
Attorney Li Yusheng of Fidelity Law Firm stated that although the nine detained defendants in this case are suspected of serious crimes and have the ability to flee or remain overseas, considering that the prosecution has completed its investigation and obtained sufficient evidence, the risk of collusion and destruction of evidence has been greatly reduced. Therefore, there is no need to continue detaining them. Thus, the court ruled to release them all on bail by implementing electronic monitoring.
Fuda Law Firm
Line：https://line.me/ti/p/@fdlaw
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website:https://fdlaw.com.tw/
e-mail:info@fdlaw.com.tw
Frequently Asked Questions
Can bail be issued after a lawsuit has been filed?
Yes. After indictment, the court will still review the necessity of detention. If evidence can be provided to reduce the risk, bail or restrictions on residence may be sought.
Are bail difficult to obtain in major fraud or money laundering cases?
It is usually quite difficult, but it still depends on the individual case evidence, role division, cash flow, criminal record, and risk of collusion with fugitives.
What documents are required for insurance payment?
You can prepare proof of a fixed address, proof of employment, proof of family care responsibilities, health information, guarantor, and source of bail funds.