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First lady is not guilty of insider trading: officials

Both the Ministry of Finance and the Securities and Futures Com-mission yesterday denied that first lady Wu Shu-chen (吳淑珍) was involved in any insider trading in the stock market.

Securities and Futures Commission chairman Ding Kung-hwa (丁克華) and Minister of Finance Lin Chuan (林全) said that the commission had a monitoring system which would catch unusual dealings, but so far there had been no sign of Wu's possible involvement in insider trading.

Ding and Lin made the statement when grilled by pan-blue legislators about Wu's stock dealings yesterday.

"The commission does not normally investigate individual investors, but usually we would watch the stock market with the monitoring system and according to our observations, the first lady has not been involved in insider trading," Ding said.

But when questioned about whether it was suitable for the first lady to deal in stocks, Lin evaded the question and answered with humor that it was not a bad thing for the government to gather more taxes from Wu's profits.
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