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🇹🇼 Taiwan /Crime & Justice

Bodyguards create chaos escorting Evergreen heir for insider trading probe

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources Under investigation
  • Three bodyguards created a chaotic scene while escorting Zhang Guozheng to the Taipei District Prosecutors Office for questioning in an insider trading case.
  • The bodyguards physically blocked media, leading to shoving and arguments, with one reporter's glasses being damaged.
  • The case involves alleged insider trading of Evergreen Group stocks before a major announcement, with potential profits exceeding NT$2.1 billion.

A chaotic scene erupted as bodyguards for Zhang Guozheng, the third son of Evergreen Group founder Zhang Rongfa, physically blocked media personnel during his transfer to the Taipei District Prosecutors Office. Zhang is being questioned in connection with an insider trading case involving the "separation of sea and air" within the Evergreen Group.

Don't push people

— ReporterDuring the confrontation between reporters and bodyguards.

The three burly bodyguards formed a human wall, walking ahead of the investigators and aggressively obstructing photographers. This led to intense shoving and verbal altercations, with reporters shouting protests and demanding compensation for damaged equipment, including one reporter's broken glasses. The situation escalated into a chaotic confrontation at the entrance of the prosecutor's office.

Are you hitting reporters?

— ReporterDuring the confrontation between reporters and bodyguards.

Meanwhile, Zhang Guohua was also transferred to the Taipei District Prosecutors Office. When questioned by the media about involvement in insider trading, he quickly responded, "No! How could there be!"

Are you robbing the prison?

— ReporterDuring the confrontation between reporters and bodyguards.

The investigation centers on Evergreen Marine Corp's announcement in August 2023 to sell 375,400 shares of Evergreen Airline, a transaction valued at NT$13.345 billion. Prosecutors suspect Zhang Guohua and others may have traded Evergreen Marine stock during the prohibited period before the public announcement, potentially profiting over NT$2.1 billion. The case is being investigated under violations of the Securities Transaction Act.

No! How could there be!

— Zhang GuohuaResponding to media questions about insider trading.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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