Taiwan arrested the spokesman of computer manufacturer Acer Inc on Wednesday on suspicion of insider trading, a news report said.
Henry Wang was detained with saleswoman Luo Fang-ru in connection with the alleged illegal use of information about the company in share trading, the Central News Agency reported.
Another seven people were arrested and released on bail, following raids on 14 offices including the company’s headquarters on Tuesday after authorities received a tip-off.
Shares in the company dropped 3 per cent in morning trading.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.