In a shocking turn of events, Pete Lau, the CEO of OnePlus, has been issued an arrest warrant by Taiwan's Shilin District Prosecutors Office. The charges stem from accusations of operating unauthorized business activities and illegally recruiting a significant number of employees while conducting software development and testing for the well-known Chinese smartphone manufacturer. With over 70 staff reportedly hired without proper approval, this incident raises serious questions about the corporate practices at OnePlus.
Details of the Charges
I don't expect OnePlus to have a nervous breakdown right now. | Image by PhoneArena
According to Reuters, the arrest warrant comes alongside indictments for two local citizens who allegedly assisted Lau in these dealings. The specifics of the charges revolve around regulations governing business and employment relationships with Chinese entities. This situation appears to be part of a larger crackdown, as past investigations have targeted various firms accused of similar violations.
What's Next for OnePlus?
Earlier this year, authorities took action against 16 companies cited for unlawfully hiring engineers and maintaining illegal operations. A comprehensive investigation led to over 300 agents raiding numerous locations, questioning around 120 individuals, and focusing on notable players in the semiconductor and electronics sectors. These companies are often found to operate through shell firms or local recruiters to mask their activities.
How Will This Affect OnePlus?
The Importance of Semiconductors
