Credit Suisse senior executive, Elsa Chiu, who is based at the bank's Taiwan branch, is under investigation for possible illegal trading related to the June purchase of local firm Hermes Microvision by the Netherlands' ASML Holding for which the Swiss lender acted as an advisor. " During the merger and acquisition activities, there were some trading irregularities, and the stock exchange regulator detected this irregular trading," said Chang Chieh-Chin, a spokesman for the Taipei District Prosecutors Office. Several other individuals "who have relationships with the couple" are also under investigation, Chang said. The Taiwanese government has also launched investigations into two other Chinese companies that have been accused of illegally buying shares in Taiwan's largest bank, Bank of Taiwan.
Credit Suisse senior executive, Elsa Chiu, who is based at the bank's Taiwan branch, is under investigation for possible illegal trading related to the June purchase of local firm Hermes Microvision by the Netherlands' ASML Holding for which the Swiss lender acted as an advisor. " During the merger and acquisition activities, there were some trading irregularities, and the stock exchange regulator detected this irregular trading," said Chang Chieh-Chin, a spokesman for the Taipei District Prosecutors Office. The Taiwanese government has also launched investigations into two other Chinese companies that have been accused of illegally buying shares in Taiwan's largest bank, Bank of Taiwan.