Focus Taiwan
Date: 2016/06/08
By: Yu Kao-hsiang and Elizabeth Hsu
Taipei, June 8 (CNA) The Supreme Prosecutor Office launched a massive search of two major 
financial companies Wednesday, based on tipoffs that the firms were involved in illegal property and stock transactions. Some 448 prosecutors and policemen were mobilized to carry out the search of the Taipei headquarters of Financial Holding Co. and the Gobo Group, as well as residences of senior executives, according to the Special Investigation Division (SID).
The two conglomerates are suspected of irregularities that have hurt the financial market and violated the Banking Act and the Securities and Exchange Act, said the SID, which is a unit of the Supreme Prosecutor Office that handles cases of major corruption and economic crimes.
At a press conference, SID Director Kuo Wen-tung (郭文東) said 94 people were also summoned Wednesday for questioning, including Jeffrey Koo (辜仲諒), a major shareholder in CTBC Financial Holding, and Gobo Group Chairman Chu Kuo-rung (朱國榮). [FULL STORY]
