Sat, Apr 14, 2007 - Page 12 News List

Inventec executives questioned

MAJOR OPERATION More than 200 prosecutors and investigators raided Inventec Appliances' headquarters on Thursday afternoon in search of proof of insider trading

By Jimmy Chuang, Jason Tan and Amber Chung  /  STAFF REPORTERS , WITH CNA

Ministry of Justice (MOJ) officials said streamlining the financial market and cracking down on major economic crimes had been the major goals of prosecutorial investigations over the past half year.

The MOJ has set a target of pursuing 40 suspected economic and financial irregularities by the end of this year, including at least 10 definitive cases, they said. That means that prosecutors will tackle at least four major corporate scandals in the coming months.

The officials said authorities would continue to prioritize dealing with five types of crimes: insider trading and stock price manipulation, embezzlement of corporate funds, accounting fraud and illegal lending, illegal corporate mergers and takeovers, as well as illegal private equity transactions and capital solicitation.

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