With all the news going around that Zalman’s parent company, Moneual, was under investigation for fraud and misrepresenting their financial situation to benefit from more loans from financial institutions, the company has announced that they aren’t bankrupt themselves, although reports still claim that they are filing for bankruptcy protection in order to not get dragged into the mud with Moneual.
“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,” said a company spokesperson based in the US.
Source: Tom’s Hardware