After the controversial collapse of the original business in 2000,[1] the Akai brand came under the ownership of Grande Holdings in Hong Kong.
The company now distributes a range of electronic products, including LED TVs, washing machines, clothes dryers, air conditioners, and smartphones.
The liquidators claimed that Ting had stolen over US$800 million from the company with the assistance of accountants Ernst & Young, who had tampered with audit documents dating back to 1994.
[8] In a separate lawsuit, a former E&Y partner, Christopher Ho, made a "substantial payment" to Akai creditors in his role as chairman of Grande Holdings.
Many Akai products were sold under the name Roberts in the U.S.,[citation needed] as well as A&D in Japan (from 1987, following a partnership with Mitsubishi Electric), Tensai, and Transonic Strato in Western Europe.
By displaying information directly on the television screen, this innovation eliminated the need for the user to be physically near the VCR to program recordings, read the tape counter, or perform other common functions.
The unit also featured innovations like an electronic 2-bus system, a 12-stereo channel patch bay, and automatic punch in and out capabilities, among others.
The unique transport design and noise reduction gave these units a recording quality that rivaled more expensive 16-track machines using 1" tape.
[11] Unlike the single-sample S612, these models allowed the use of up to six active samples simultaneously, featured a built-in disk drive, and could be extended with six individual outputs via cable.
[10] In 2004, following a US distribution deal, the Akai Professional Musical Instrument division was acquired by Jack O'Donnell, owner of Numark Industries and Alesis.
In early 2003, Grande Holdings began reintroducing Akai's brands by marketing various audio-visual products manufactured by Samsung.
In the same year, Grande started distributing Akai home appliances, including air conditioners, vacuum cleaners, and refrigerators.