During the questioning, Huang strongly defended his innocence, but prosecutors said they have concrete evidence attesting to Huang’s involvement in the scandal.

Prosecutors said they released Huang after interrogation partly because Huang shows no signs of fleeing Taiwan even in the absence of an exit ban on him, and partly due to a desire not to undermine the performance of the local bourse and Huang’s companies.

Meanwhile, Veutron Corp. yesterday issued a statement denying press reports that Huang had admitted partial involvement in the case when faced with Veutron’s internal books and financial figures presented by prosecutors in charge.

Veutron called on the local media not to run any further misleading reports on the case, stressing that the firm will take legal action against unjustified reports should they threaten the interests of Veutron, chairman Huang or shareholders.

According to prosecutors, Huang allegedly sold 20,000,000 shares of Veutron in early 2002, pocketing proceeds of NT$200 million, before the publication of the company’s bearish news.

A computer peripheral maker, Veutron incurred losses of NT$3.065 billion in 2001, over half of its paid-in capital of NT$4.29 billion. As a result, it announced a drop of its book value to NT$2.75 per share (par value NT$10) on April 25, 2002, leading to degrading of its stock to full-cash delivery stock, which cannot be traded on credit.

Huang was also charged with transferring profits from Powerchip and other affiliates to Veutron, which, along with his speculative operations via dummy accounts, has helped Veutron’s share price rebound to over NT$20 this year, from less than NT$5 originally.

As many as 14 people, including Huang’s wife, Yu Su-shan, have been implicated in the case. Prosecutors and investigators raided the offices of Veutron and the residence of chairman Huang on March 15, confiscating some account books and trading information.