[HIB]Kontron AG suspects fraud at Malaysian subsidiary

[newsbot]

Shares of a major German company, a global leader in embedded computer technology, fell sharply as word got around that the company has been unable to recover large sums of debts from customers in Asia and because of alleged fraud at its Malaysian facility. Headquartered in Eching, near Munich, Germany, Kontron AG maintains a number of facilities not only in Germany but also in North America and Asia. The company provides printed circuit boards for segments such as data and telecommunications, automation, mobile computing, medical and military technology, and aerospace. Many German newspapers, including the national daily Frankfurter Allgemeine Zeitung, have been reporting of alleged "massive fraud" at Kontron's subsidiary in Malaysia.

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