Reported 8 months ago
Under the coordination of Taipei District Prosecutors Office, Taipei City Councilor Chen Chung-wen is being investigated for corruption. It was discovered that Taiwan Intelligent Optoelectronic Co., Ltd. allegedly allowed certain individuals to obtain insider information ahead of time through the repurchase and capital increase of its parent company, Taiwan Tong Hwa. In connection with this, Lee Chia-hao, the son and assistant of the chairman of Taiwan Tong Hwa, was involved in insider trading, allegedly profiting illegally with an amount exceeding one billion yuan. Due to the complexity of the case and the presence of accomplices still at large, the court approved the prosecution's request to extend Lee's detention and ban on meetings for another two months until today.
Source: YAHOO