Reported 7 months ago
Taiwan Navigation Investment Holdings Group chairman Yen Yi-tsai, known as the 'King of Navigation' in the shipping industry, is prosecuted for alleged insider trading in 2020 involving friends, relatives, and employee dummy accounts. Yen was granted bail of 5 million NT dollars and is prohibited from leaving the country or going to sea. Following the investigation, he and another individual were charged with violating the Securities and Exchange Act. Yen and the other party confessed to the crimes during the investigation and returned all illegal gains, seeking a reduced sentence from the court.
Source: YAHOO