BenQ losing $1 billion (€840 million) from the acquisition to September 2006 and its share price dropping by 45 percent. BenQ Mobile only had a global 2.4% market share as of Q3 2006, demonstrating its failure to turn the business around in its first year. In September it was announced that its factories in Mexico and Taiwan would halt production. BenQ Mobile filed for bankruptcy in a Munich court on 29 September 2006, a day after its parent BenQ decided to stop funding the unit. This sparked a debate in Germany over whether BenQ only acquired the Siemens mobile division for its patents and intellectual property, and that it did not intend to continue manufacturing mobile phones in Germany. The bankruptcy caused outrage in Germany over the possible thousands of job losses, with chancellor Angela Merkel having said that Siemens is responsible for the BenQ Mobile (i.e. former Siemens Mobile) employees who are at risk. Siemens set up a 35 million euros fund for the employees. Siemens stopped payment still owed to BenQ related to the original acquisition on 5 October and considered taking legal action against BenQ about the future use of the brand and patents, although no claim would be made. Siemens was heavily criticised by some German politicians and labour unions for mismanagement that led to the bankruptcy under subsequent BenQ ownership. A BenQ executive said that stopping funds for the Mobile subsidiary and forcing it into insolvency protection was a "really tough decision" and not as easy as "just walking away" as was reported by some media outlets. 2,000 employees were laid off in late October 2006. A scandal investigation was launched into Siemens's and BenQ's roles in the bankruptcy of BenQ Mobile amid allegations that financial offences were committed. As of March 2007, 13 executives, including Eric Yu, were detained in Taiwan accused of selling their shares in BenQ before the announcement knowing about the bankruptcy filing. Shares in BenQ fell 7% to its lowest level in ten years. BenQ CEO K.Y. Lee was also detained a month later. At the same time Siemens was facing wide allegations in Germany of internal corruption and bribery not necessarily related to BenQ Mobile. After no suitable investors or buyers were found for the business, BenQ Mobile's insolvency administrator, Martin Prager, said on 2 January 2007 that the company would have to shut down. On 30 January the