Zalman Denies Bankruptcy Rumors

One of Zalman's recent CPU coolers, the Reserator 3 Max DualOne of Zalman's recent CPU coolers, the Reserator 3 Max Dual

There have been reports around the web that PC component manufacturer Zalman has filed for bankruptcy, thanks to large-scale corporate fraud by its parent company, Moneual. Upon contacting Zalman USA, however, a company representative denied the rumors.

"I know that recently various media and other vendors are spreading rumors regarding Zalman going bankrupt over the recent scandals in Korea by our parent company Moneual.  

"I wanted to assure you that these rumors of Zalman HQ going bankrupt are completely false. While our HQ is having some financial difficulties due to the recent troubles experienced by Moneual, Zalman is not going bankrupt."

Zalman also indicated that it would be providing an official statement at the end of November about the current situation and what the future of Zalman looks like. The company also assured us that nothing would change for owners of existing products or warranties.

Reports emerged this week that Moneual forged its export performance papers, allowing the company to secure large loans from Korean banks. Reportedly, the scam was planned by the company's executives from the moment Moneual was founded. Zalman was purchased by Moneual in 2011, allegedly as an additional cloak to cover up the numbers.

How much danger is the Zalman brand in? Only time will tell.

Follow Niels Broekhuijsen @NBroekhuijsen. Follow us @tomshardware, on Facebook and on Google+.

Create a new thread in the UK News comments forum about this subject
This thread is closed for comments
No comments yet
Comment from the forums
    Your comment