Lo Hsu-liang (羅栩亮), head of Taoyuan-based biotech product supplier Zodic Light World Technology Inc. (兆良科技) 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.
The original article can be found at www.chinapost.com.tw