The Digital Source For China's Tech Innovation Since 2000

Search
Close

BenQ's VP Detained For Illegal Transactions

March 16, 2007
Law & Policy

Suspected of conducting dubious financial transactions, Eric Yu, senior vice president at BenQ, has been detained by Taiwanese police and finance managers Alex Liou and Billy Liou were arrested and then released on bail.

BenQ made an announcement on Wednesday, saying that their offices in Taoyuan and Taipei had been raided by the police and the sudden check had something to do with the company's payment of bonuses to its overseas employees.
The BenQ spokesperson says that they will fully cooperate with the investigation.

In 2005, BenQ purchased Siemens' handset unit, but the company failed to build it into much of anything. Following the detention of Yu, BenQ's stock dropped dropped by 7% to its lowest level in years, as investors started to question the company's corporate governance.

Tags: arrested | BenQ | corporate governance | corporate social responsibility | ERIC | ESG | finance | financial | handset | illegal | IT | overseas | payment | police | president | Siemens | stock | Taipei | Taiwan

Other Related News:

China cuts amount of time minors can spend on online games

August 31, 2021

AsiaInfo Readies For China Mobile's Next Generation IP

July 25, 2007

China Plans To Pre-install Software For Preventing Viewing Of Pornographic Websites

June 8, 2009

FBI, MI5 team up to warn of risks of Chinese hackers, spies

July 8, 2022

Bank Of China To Change Chinese Domain Name

May 29, 2006

Sanlian Group Sues Gome Over Illegal Acquisition

January 16, 2009

Alibaba Eyes Hong Kong Primary Listing As Hedge To U.S. Delisting Threat

August 2, 2022

Janus Henderson Group PLC Has $704.46 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

February 22, 2022

China court upholds Canadian's death sentence as Huawei CFO fights extradition

August 11, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....