German Police Bust China-Linked Insider Trading Ring
Law360, London (February 11, 2020, 1:51 PM GMT) -- Sixty German law enforcement officials raided the homes and offices of five suspects on Tuesday in an investigation into an insider trading ring with ties to a Chinese investor, the Frankfurt public prosecutor’s office said.
Prosecutors in the German city of Frankfurt, pictured, said the suspects hoped to profit from inside information obtained on the status of takeover negotiations at an auto-parts company. (AP)
The suspects aimed to profit from inside information obtained on the status of takeover negotiations carried out by an auto-parts supplier, the prosecutor's office said.
"The five suspects aged between 35 and 70 are charged with using...
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