According to a previous report by Zombit, BitAsset, a subsidiary of Asia-Pacific Yi’an Technology Co., Ltd., is under investigation by the prosecutor’s office for allegedly setting up a company in Taiwan with funding from mainland China without the approval of the supervisory authority, the Investment Commission. United Daily News reported that the prosecutor’s office, commanding the Taipei City Investigation Division, conducted searches in eight different locations yesterday. They also summoned Hu Zhilong, the person in charge, for questioning regarding suspected violations of the Act Governing Relations between the People of the Taiwan Area and the Mainland Area. After the interrogation, Hu Zhilong was released on bail of 200,000 NTD, while the other three former executives were sent home.
