Senior Staff Caught Ripping Off DJI To The Tune Of $200M +
Several senior staff at Chinese drone maker DJI, the world’s biggest maker of consumer drones have been ripping off the Company to the tune of over A$209 Million an internal investigation has found.
The investigation uncovered multiple cases of embezzlement and fraud among workers and at this stage it’s not known whether any of the personnel involved are responsible for sales in the Australian market where DJI drones are #1, 29 people have been dismissed and several reported to authorities.
A spokesperson for the private Chinese company said, “We found that some employees inflated the cost of parts and materials for certain products for personal financial gain.”
The frauds were spread across production, sales and marketing and R&D operations.
The Chinese company has fired 29 workers and referred another 16 to lawmakers, though the investigation could ultimately draw in dozens more.
The large number of cases seemed to point to widespread control failures at DJI, which has emerged as one of China’s most successful consumer electronics start-ups and has quickly dominated the new drone industry.
DJI said it was “taking steps to strengthen internal controls” and has “established new channels for employees to submit confidential and anonymous reports relating to any violations of the company’s ethical and workplace conduct policies”.
News of the fraud spread after the company sent an internal email to employees in China with an update of its investigation.
“We hold our employees to the highest ethical standards and take any violation of our code of ethics very seriously,” DJI said in a statement.
It said that after uncovering the issue it had “fired bad actors and contacted law enforcement officials. We continue to investigate the situation and are co-operating fully with law enforcement’s investigation.”