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Drone maker DJI reveals US$150 million fraud carried out internally

The DJI Mavic 2 is one of the most popular high-end drones on the market. (Source: DJI)
The DJI Mavic 2 is one of the most popular high-end drones on the market. (Source: DJI)
Drone maker DJI has discovered an internal racket that has defrauded the company of at least US$150 million. The theft is said to have involved multiple staff and led to their dismissal although the company is still investing the case, which it says is “extensive.”
Sanjiv Sathiah,

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The world’s leading drone maker DJI has uncovered a massive internal operation to defraud the company. At this stage, the Chinese company says that the theft totals at least US$150 million. Chinese authorities have been informed of the matter and a number of employees have been fired as a result. At this stage, the fraud appears to have resulted through its supply chain, with staff inflating the price of components at the expense of the company.

“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 workplace conduct policies,” the company said in a statement provided to Bloomberg. “We continue to investigate the situation and are cooperating fully with law enforcement’s investigation.”

DJI is one of the most successful drone makers in the world and currently dominates the US$9 billion drone market with a 75 percent share of all drone sales world-wide. Its products are sold through Apple stores among other channels which has helped to raise its profile but is also testament to the quality of its drones and cameras. With over 14,000 employees around the globe, the investigation could still take some time to fully uncover the extent of the damage.

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Sanjiv Sathiah
Sanjiv Sathiah - Senior Tech Writer - 1291 articles published on Notebookcheck since 2017
I have been writing about consumer technology over the past ten years, previously with the former MacNN and Electronista, and now Notebookcheck since 2017. My first computer was an Apple ][c and this sparked a passion for Apple, but also technology in general. In the past decade, I’ve become increasingly platform agnostic and love to get my hands on and explore as much technology as I can get my hand on. Whether it is Windows, Mac, iOS, Android, Linux, Nintendo, Xbox, or PlayStation, each has plenty to offer and has given me great joy exploring them all. I was drawn to writing about tech because I love learning about the latest devices and also sharing whatever insights my experience can bring to the site and its readership.
contact me via: @t3mporarybl1p
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2019 01 > Drone maker DJI reveals US$150 million fraud carried out internally
Sanjiv Sathiah, 2019-01-21 (Update: 2019-01-21)