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Chinese Drone Giant DJI Unearths $150 Million Losses From Fraud –Bloomberg

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. The drone maker is still looking into the situation, which is “extensive” and involves a major sum, it said in a statement.