BenQ top executives indicted for insider trading and money laundering

Vikingod · May 9, 2007, 10:14 PM

Source: DigiTimes
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Five top executives of BenQ were indicted on May 8 by the Taoyuan Prosecutors' Office for alleged insider trading and money laundering. The indicted include chairman KY Lee, president Sheaffer Lee, vice president Eric Yu and two senior financial executives.

The prosecutors accused that KY Lee, Sheaffer Lee and Eric Yu instructed four company employees to sell a total of 22.35 million undistributed bonus shares for about NT$848 million (US$25.5 million) during the period from September 4, 2002 to February 20, 2006, the Chinese-language Commercial Times cited the prosecutors' indictment as saying in a May 9 report.

May 9, 2007, 10:14 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,187 Rep Power: 109 System Specs	BenQ top executives indicted for insider trading and money laundering Source: DigiTimes ___________ Five top executives of BenQ were indicted on May 8 by the Taoyuan Prosecutors' Office for alleged insider trading and money laundering. The indicted include chairman KY Lee, president Sheaffer Lee, vice president Eric Yu and two senior financial executives. The prosecutors accused that KY Lee, Sheaffer Lee and Eric Yu instructed four company employees to sell a total of 22.35 million undistributed bonus shares for about NT$848 million (US$25.5 million) during the period from September 4, 2002 to February 20, 2006, the Chinese-language Commercial Times cited the prosecutors' indictment as saying in a May 9 report. __________________ *How You Can Help DriverHeaven By Using Digg*