TomTom Investigated for Insider Trading
Date: Thursday, October 01 @ 20:58:58 UTC

pocketgpsworld.comReuters are reporting an criminal investigation of a TomTom employee for insider trading.

The investigation by Dutch public prosecutors, the financial services regulator AFM and tax authorities is focussed on a single employee and TomTom's Amsterdam offices were searched yesterday.

The seniority of the employee has not been disclosed although TomTom have stated it is not a board member and there was no evidence to support the claim that the employee had any 'insider information'.

TomTom is understood to be fully cooperating with the investigation.

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