Taiwan prosecutors raid Evergreen in insider trading probe
Nine summoned as investigators search offices and homes over alleged share trades
Taiwanese prosecutors have raided the offices of container line Evergreen Marine as part of an insider trading investigation. The Taipei District Prosecutors Office said investigators searched the company's premises, the homes of nine suspects and 10 other locations on Monday.
Nine people were summoned for questioning, including one surnamed Chang, on suspicion of trading shares during a prohibited period. Taiwanese media reported the probe is linked to a related-party transaction announced in 2023 and valued at NT$13.35bn ($417m), though prosecutors have not detailed the alleged trades.
Evergreen confirmed to the Taiwan Stock Exchange that authorities had searched its premises and said it is cooperating, adding that the matter has no significant impact on its financial condition or business operations.
Founded by Chang Yung-fa in 1968, Evergreen Marine operates a fleet of more than 200 containerships and ranks among the world's largest liner operators, having been a major beneficiary of the pandemic-era container boom.
