WK Tech Chairman Arrested

Ko Wen-chang, chairman of WK Technology Fund, Taiwan's largest venture capital fund, has been arrested for alleged insider trading related to last year's acquisition of Taiwan-based Green Point by U.S.-based Jabil Circuit. Authorities have also detained Ho Cheng-ching and Li Jung-hsun, WK's  president and vice president, respectively.

 

The China Post reports that “Ko's arrest has sent shock waves through the domestic venture-capital field, due to his prestigious status in the circle, which wins him the title 'godfather' of the Taiwanese venture capital industry.”