Tatong Optoelectronics exposed insider trading and “made hundreds of millions of dollars”, 9 members of Dong Zuo’s family were interviewed | Society | CTWANT

Li Qinghuang, the head of Tatong Optoelectronics (the parent company of the Taiwan Smart Optical Network Alliance), his children and other relatives and friends were suspected of purchasing Tatong Optoelectronics stocks during the trading ban period in March this year, making illegal profits of hundreds of millions of dollars, and were involved in violations of the Securities and Exchange Act. trade. The Taipei District Prosecutor’s Office today (23rd) directed the Independent Commission Against Corruption of the Ministry of Justice to search 9 locations and interview 9 people including Li Qinghuang and his relatives and friends.

Taiwan Tongguang released a major message on March 8. In order to protect the company’s credit and shareholders’ rights and interests, it will implement the purchase of treasury shares of the company’s common shares and eliminate the shares. It is scheduled to buy back 500 shares from March 11 to May 10. 10,000 shares, the price per share is about 26 to 35 yuan, and the total buyback amount is capped at 1.13 billion. The announcement once made the stock price rise by more than 33 yuan.

Unexpectedly, the inspection found that Li Qinghuang was suspected of selling Taiwan Tongguang stocks in the name of his son, daughter, daughter, son’s ex-wife and other relatives, friends and employees during the prohibited trading period before the announcement of the important news. The initial illegal profit was estimated to be over 100 million. The Independent Commission Against Corruption conducted a search in 9 teams today and brought a total of 9 relevant persons to the case. After interrogation, they were transferred to the Taipei District Prosecutor’s Office for further interrogation.

It is reported that Tatong Optoelectronics is the major shareholder of Taichi Optoelectronics. Taichi Optoelectronics was searched because the Independent Commission Against Corruption received intelligence information. Taichi Optoelectronics was suspected of using millions of dollars in bribes or bribes from December 2023 to January 2024. For unjust interests, please ask councilors to pressure civil servants through parliamentary questions and other methods, so as to obtain a more generous CCTV (closed-circuit surveillance camera) network transmission budget for the Taipei City Police Department. The Taipei City Councilor Chen Chongwen involved in the case was suspected of profiteering and having his name The source of approximately 25 million yuan of property was unknown, and the prosecutor applied twice for a detention ban and was approved.

At that time, the chairman of Taitong and Taichi Optoelectronics was also interviewed and ordered by the prosecutor to post a bail of 3.5 million yuan. The prosecutor directed the Independent Commission Against Corruption to continue to investigate whether other civil servants were involved in the case. It was found that the chairman of Taitong and his family members were suspected of using the accounts of relatives and friends to enter and buy stocks during the period when the ban on trading of treasury stocks was announced. The whole case was in violation of the Securities and Exchange Commission. The crime of insider trading is under investigation and is expected to be handed over for retrial late at night. Compulsory punishment will not be ruled out after the interrogation.