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Gigabyte lose $5 Million in Fraud

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Posted April 30, 2007 by admin in Industry

Chang failed to keep up the repayments and the debt is now legally on Gigabyte back. One has to question how a mere ‘regional manager’?was able to use a corporate entity as a guarantor in the first place…

Unfortunately for Gigabyte, the company or person in question that borrowed the money from the bank did not repay the borrowed money, and Gigabyte was held accountable for the loss. What shocked company officials however, was the fact that Chang did not request company permission before setting up the transaction.



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