Want China Times
Date: 2015-06-27
By: CNA
Lo Hsu-liang, head of Taoyuan-based biotech product supplier Zodic Light World Technology
Lo Hsu-liang, center, being escorted by police officers at Touyuan International Airport in Touyuan, June 26. (Photo courtesy of Ministry of Justice Investigation Bureau)
was arrested Friday morning immediately upon returning to Taiwan from abroad.
Lo sold shares of Zodic to investors to rake in about NT$1 billion (US$32.26 million) after allegedly disseminating false information about the prospects of his company.
Prosecutors raided Zodic’s headquarters and the company’s affiliates earlier this week, while summoning 14 related persons, including Lo’s wife, for questioning. Lo did not appear in the prosecutors office for questioning as he was in Austria at the time.
Lo’s wife and the 13 others were released on bail ranging between NT$30,000 (US$969) and NT$300,000 (US$9,699) after questioning. [FULL STORY]
