- POSTED: 04 Oct 2013 18:58
This graph is an experimental feature that tracks number of views over time.
Taiwan television host Dee Hsu's husband Mike Hsu has become embroiled in an insider trading case, with Taiwan authorities alleging that he had contravened the Securities Exchange Act.
TAIPEI: Taiwan television host Dee Hsu’s husband Mike Hsu has become embroiled in an insider trading case recently, reported Taiwan media.
Taiwan authorities alleged Thursday that Mike Hsu had contravened the Securities Exchange Act.
The whole matter started when Dee Hsu was investigated for claiming that a bakery chain she was spokesperson for, Top Pot Bakery, used no artificial flavours in their products - a claim which was later found to be untrue.
During the investigation, authorities uncovered irregularities in the share movements of Top Pot Bakery’s parent company Genome International Biomedical Co. Ltd. (GIBC), which suggested that Mike Hsu, along with four other GIBC shareholders, had been conducting insider trading.
Mike Hsu is currently out on NT$3 million (S$127,400) bail.
Authorities said Dee Hsu is not implicated in the case.
However, Hsu will continue to be investigated over deceptive advertising charges, to find out if she knowingly misled consumers about Top Pot Bakery’s use of artificial ingredients.