DJI uncovers $150-million losses from fraud

Jamie McKane

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DJI uncovers $150-million losses from fraud

DJI has unearthed cases of fraud involving its own employees that may trigger losses of about 1 billion yuan ($150 million) for the world’s largest drone maker, marking one of the largest recent cases of graft among China’s technology giants.

SZ DJI Technology Co., which discovered the corruption in an internal probe, said it’s fired multiple workers who inflated parts costs for personal gain, and contacted law enforcement.

[Bloomberg]
 
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