Lite-On founder released in insider trading probe
Staff writer, with CNA
Lite-On Technology Corp (光寶科技) founder Raymond Soong (宋恭源) was yesterday released on NT$30 million (US$1.06 million) bail after being questioned over alleged insider trading, the Taipei District Prosecutors’ Office said.
Close friends of Soong who allegedly received insider information from him were also released after being questioned by prosecutors.
Soong’s friend Shan Ya-wen (單雅文) was freed on NT$30 million bail and his sister released on NT$3.5 million bail.
Lite-On Technology Corp founder Raymond Soong is escorted to the Taipei District Prosecutors’ Office early yesterday morning for further questioning about an insider trading case.