Loss for Acer in alleged fraud at about NT$15 million: firm

According to Acer, it has already fired the employee in question, who was surnamed Tseng and who worked at the firm's Taiwan headquarters. The employee allegedly faked orders for Acer products, which were then shipped to his cohorts, who then allegedly sold those products at below-market prices to make gains.

According to media reports, Acer lost over NT$100 million in the case, and high-ranking officials might have been involved.

Yesterday, Acer said that it became aware of the situation back in November, when accountants found something problematic when they checked company orders against payment receivables.

The company has already turned the case over to police and has launched civil and criminal lawsuits against the employee and possible accomplices.

In terms of the firm's losses, Acer said it has purchased risk management insurance, which will cover most of the losses. Acer, on the other hand, will only have to pay the NT$15 million deductible.

Acer also said no senior officials were involved in the case, adding the firm will not disclose further details as the case is currently being investigated.

Foreign investors, meanwhile, said the case will not affect Acer operations.

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