The China Post
Date: November 26, 2016
By: The China Post news staff
Investigators raided TransAsia Airways’ headquarters, the residence of its chairman Vincent Lin (林明昇)
and five other related premises, Friday.
Lin, his father, and 10 others, including Chief Executive Officer Liu Tung-ming and Chief Finance Officer Yang Hsuan-yi, were taken to the Investigation Bureau’s Taipei branch office for questioning on Friday morning.
Vincent Lin and his father Lin Hsiao-hsin (林孝信) were transferred to the Taipei District Prosecutors’ Office in the afternoon for further interrogations.
The senior Lin smiled as he entered the prosecutors’ office, but declined to respond to questions from reporters.
Prosecutors and investigators launched a probe into possible insider trading based on findings by the Taiwan Stock Exchange Corp. that senior employees at TransAsia had sold their shares in the company on Monday, Nov. 21, as rumors that the company would suspend its operations began to circulate. [FULL STORY]