© leoni ag
Business | August 16, 2016
Someone has stolen EUR 40 million from Leoni
German cable manufacturer Leoni has been the target of criminal activities, which resulted in the "outflow of liquidity totalling around EUR 40 million."
The ad-hoc announcements reads as follows:
"Leoni AG realised on Friday 12 August 2016 that it had become the victim of fraudulent activity with the help of falsified documents and identities and the use of electronic communication channels. As a result, company funds were transferred to accounts abroad."
"The Management Board immediately launched an investigation into the events and is currently assessing claims for damages and insurance claims. It has also reported the matter to the police criminal investigators. The damage amounts to an outflow of liquidity totalling around EUR 40 million. The criminal activities have not affected the IT infrastructure or data security."
"The extent to which the damage will affect the projected net income for the year cannot at present be assessed. The liquidity situation of the Leoni Group has not been adversely affected in any material way. The performance of Leoni’s operations is in line with the forecast."
"Leoni AG realised on Friday 12 August 2016 that it had become the victim of fraudulent activity with the help of falsified documents and identities and the use of electronic communication channels. As a result, company funds were transferred to accounts abroad."
"The Management Board immediately launched an investigation into the events and is currently assessing claims for damages and insurance claims. It has also reported the matter to the police criminal investigators. The damage amounts to an outflow of liquidity totalling around EUR 40 million. The criminal activities have not affected the IT infrastructure or data security."
"The extent to which the damage will affect the projected net income for the year cannot at present be assessed. The liquidity situation of the Leoni Group has not been adversely affected in any material way. The performance of Leoni’s operations is in line with the forecast."
Nissan integrates Maxim's battery monitoring IC into new LEAF
Maxim Integrated says that its single-chip, ASIL D-rated battery monitoring IC is being integrated...
Plessey invests in new equipment from Aixtron
Plessey has placed an order for its next reactor from AIXTRON SE. The AIX G5+ C metal...
UCT: Fire at Cinos plant in Korea
At approximately 1:30 pm September 19, 2018 local time, a fire occurred at a plant...
America II acquires Advanced MP Technology
America II – a portfolio company of Wynnchurch Capital – has acquired fellow distributor of electronic components, Advanced MP Technology, Inc.
Toshiba Memory and WDC opens new memory fab
Toshiba Memory Corporation and Western Digital have officially opened a new...
Osram’s gunning for the top spot of photonics
"Osram is very well positioned strategically and financially for the technologies and trends of the future. We are becoming the leading photonics champion," says Olaf Berlien, CEO of OSRAM Licht AG.
Tonbo Imaging to set up Lithuanian development centre
Tonbo Imaging, a developer of advanced imaging and sensor systems for defence, security...
Mouser and Marvell enter global distribution agreement
Mouser Electronics says that it has entered into a global distribution agreement with...
Sponsored content by congatec AG
Credit card sized Computer-on-Modules, which form factor to choose?
With the availability of new low power x86 processors like the Intel® Atom® C3000 processors (code named Apollo Lake) and new small form factor Computer-on-Module specifications like SMARC 2.0 many engineers are...
Adesto completes its acquisition of Echelon
Adesto Technologies, a provider of application-specific semiconductors and systems for...
paragon acquires 82 percent of SemVox
paragon is creating a new business division for digital assistance systems, the...
Nanoscribe opens subsidiary in Shanghai
With the opening of Nanoscribe China Co. Ltd., Nanoscribe strives to strengthen its sales...
Intel acquires NetSpeed Systems for chip design
Chip giant Intel is acquiring NetSpeed Systems, a San Jose, California-based provider of...
Fingerprint files lawsuit agains Chinese competitor
Fingerprints says that it has filed a complaint with the Beijing Intellectual Property Court...
It's official - Renesas to acquire IDT for $6.7 billion
The Japanese manufacturer is looking to grow with the acquisition of the analog...
Samsung chooses with IDT's wireless power solutions
Integrated Device Technology's wireless charging solutions have found its...
First commercial agreement for CSA - Catapult
The Compound Semiconductor Applications (CSA) Catapult has announced that it has secured...
Swissbit's kicks off the construction of its Berlin expansion
Construction has begun on Swissbit’s new R&D and manufacturing facility. All of the...
Mouser signs global distribution deal with Samtec
NPI Distributor, Mouser electronics, says it has entered into a global distribution...
Autotalks Launches the World's First Global V2X Solution
By adding C-V2X to its existing 2nd generation automotive qualified chipset, Autotalks is...
Renesas responds to acquisition rumors
Reports have been suggesting that Japanese semiconductor manufacturer Renesas is looking...
Related news
Most Read
Load more news
Comments