Home News DJI suffers from fraud of about 147.6 million dollar

DJI suffers from fraud of about 147.6 million dollar

China: DJI suffered from 147.6 Million Dollar fraud recently. At a meeting in Shenzhen the company handed 16 employees over to law enforcement officials and a further 29 were dismissed.

According to the news outlet, Yicai Global, more than 100 DJI employees might be involved and losses may exceed 147.6 Million US Dollars.

It appears that the group inflated prices by as much as 20 percent and skimmed off the excess.

A DJI spokesman stated, “We hold our employees to the highest ethical standards and take any violation of our code of ethics very seriously. During a recent investigation, DJI itself found some employees inflated the cost of parts and materials for certain products for personal financial gain. We took swift action to address this issue, fired the bad actors, and contacted law enforcement officials. We continue to investigate the situation and are cooperating fully with law enforcement’s investigation.

“These actions do not represent DJI, our culture, or our 14,000 employees, who work hard every day to serve customers and develop cutting-edge technologies. We are taking steps to strengthen internal controls and have established new channels for employees to submit confidential and anonymous reports relating to any violations of the company’s ethical and workplace conduct policies.”