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TAIPEI -- The founder of Inventec Corp., a leading Taiwanese contract electronics maker, was questioned for allegedly making about $13 million from illegal property investments, prosecutors said Friday.
Yeh Kou-i is suspected of purchasing houses via "dummies" in order to be eligible for below-market property prices in a special real estate resettlement project, they said.
Yeh, facing suspicions of fraud and forgery, was released on a bail of Tw$5 million ($166,000) after being questioned by prosecutors late Thursday along with 12 others suspected of involvement in the case.
"Prosecutors have some questions regarding my personal finances but I can't disclose any details of an ongoing investigation," Yeh told reporters.
Yeh is one of Taiwan's best known technology tycoons and his personal assets are estimated at more than Tw$10 billion, according to local media.
Inventec Corp., which manufactures notebook computers, phones, and other electronic products, said in a statement that the case concerns Yeh's personal investments and has nothing to do with the company's operations.
Taiwan's government has stepped up measures, including imposing a "luxury tax," to curb rising property prices and rein in speculators amid a widening wealth gap.
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