Prosecutors summon 12 witnesses
Taiwan News
Date: 2016/11/25
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Prosecutors questioned TransAsia Airways Chairman Vincent Lin and searched
TransAsia Chairman Vincent Lin.(By Central News Agency)
offices Friday in their investigation into alleged insider trading related to the planned dissolution of the airline.
The authorities reportedly uncovered a suspiciously high amount of transactions in TransAsia shares last Monday, the day before the airline’s board unexpectedly announced the company would immediately halt all flights and move toward dissolution.
The planned demise of the 65-year-old airline has touched off a storm of protests from staff, passengers, travel agencies and shareholders, with the government scrambling to find a solution.
Lin, who has made headlines before with a collection of about two dozen German sports cars, was brought in for questioning by the Taipei District Prosecutors Office Friday afternoon after the investigators raided TransAsia headquarters as well as his home and five other locations. [FULL STORY]
