Just three days ago, officers from the Taoyuan District Prosecutor's Office raided BenQ offices and arrested three top officials of BenQ, accusing them of selling shares of stock ahead of the announcements of losses for the first quarter of 2006. Yesterday, Chairman K.Y. Lee defended the activities saying that speculation of illegal trading were false and:
"While these are serious allegations, we respect the legal process and will cooperate fully with the ongoing investigation. We trust that the results of the investigation will vindicate BenQ of any wrongdoing," Lee said.
These reports have sent shares of the company downward and have caused concerns among shareholders, employees and customers.
Source: PC World
