Deals
Carlyle Appointees Face Taiwan Probe Over Alleged Deal Leaks
- Complaint alleges leak of company secrets to potential buyer
- Lawyer for one director dismisses action as ‘frivolous’
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Taiwan prosecutors are investigating a criminal complaint against directors appointed by Carlyle Group LP to the board of one of the island’s biggest broadcasters over an alleged breach of their duties during efforts to offload the private equity firm’s stake.
The three Eastern Broadcasting Co. directors -- Gregory Zeluck, a Hong Kong-based managing director with Carlyle, former Carlyle managing director Alex Ying and EBC’s Carlyle-appointed Chairman Joseph Fan -- were accused of passing confidential company information to a potential investor in 2016 without the board’s knowledge, according to a complaint filed on behalf of EBC with the Taipei District Prosecutors Office and obtained by Bloomberg.