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Lite-On founder given bail in insider trading case; shares plunge
03/09/2021 12:17 PM
Soong Kung-yuan / CNA photo March 9, 2021
Taipei, March 9 (CNA) Lite-On Technology Corp. founder Soong Kung-yuan (宋恭源) was released on NT$30 million (US$1.06 million) bail Tuesday after being questioned in an insider trading case, according to the Taipei District Prosecutors Office.
Close friends of Soong with whom he shared insider information were also freed on bail after being questioned by prosecutors about the allegations.
Among them, Soong s female friend surnamed Shan (單) was released on NT$30 million bail, Shan s sister was freed on NT$3.5 million bail, and another friend surnamed Yu (游) and his wife and son were each freed on NT$1 million bail each, prosecutors said.
Retired military officials indicted for alleged spying for China
02/20/2021 06:31 PM
Yueh Chih-chung (right) and Chang Chao-jan. CNA file photo
Taipei, Feb. 20 (CNA) Four former officials of the Military Intelligence Bureau were indicted on Saturday for alleged violation of the National Security Act and the National Intelligence Service Law by passing confidential intelligence to China after their retirement.
The four people facing charges are former Maj. Gen. Yueh Chih-chung (岳志忠) and three retired colonels Chang Chao-jan (張超然), Chou Tien-tzu (周天慈) and Wang Ta-wang (王大旺), according to the Taipei District Prosecutors Office.
The charges against them include leaking information regarding intelligence sources, organizations and personnel under the National Intelligence Service Law and developing organizations for China under the umbrella of the National Security Act.
Taipei, Jan. 19 (CNA) A former prosecutor with the now-defunct Special Investigation Division (SID) was released on bail Tuesday after being questioned by prosecutors about his alleged role in an investment scheme that ripped off investors.