Last Friday, DJI, the world’s largest drone maker, announced the uncovering of an internal corruption scandal, leading the Shenzhen-based company to place 45 of its employees under investigation.

According to a statement from the company, DJI could see a loss of as much as RMB 1 billion (roughly $150 million) as a result of its corruption issues.

DJI’s investigation reportedly found that procurement officials had received kickbacks in exchange for accepting substandard components, or for paying above-market prices. As a result of such practices, the company’s component costs were supposedly inflated by over 20% in 2018.

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Elliott Zaagman

Elliott Zaagman is a contributor to TechNode. He is also a corporate trainer, executive coach, and writer who splits his time between Bangkok and Beijing. He focuses on Chinese companies and how they relate...