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Investigation into BenQ Mobile bankruptcy


Posted: 21 Nov 2006
TAGS: benq, mobile
Investigation into BenQ Mobile bankruptcy

German mobile phone manufacturer BenQ Mobile is under the examination of German public prosecutors with a view to its bankruptcy, thus chief senior public prosecutor Christian Schmidt-Sommerfeld said to the southern German daily Süddeutsche Zeitung that it began an investigation into the bankruptcy of BenQ Mobile without any details to comment.

BenQ Mobile's management knew about the company's cashflow problems even in August, but didn't tell a word to its employees and deliberately delayed filing for bankruptcy. The head of the central works council at BenQ Josef Michael Leuker told German news agency DPA that the whole staff was deceived. The company's bankruptcy trustee and BenQ Mobile have both refused to comment.

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