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Chinese drone maker DJI is under investigation for suspected corruption
DJI estimates such incidents could cost the company up to 1 billion yuan ($147 million).
China’s DJI Technology Co Ltd, a popular maker of drones which is investigating suspected corruption by its employees, said on Monday the matter involved staff inflating the cost of parts for personal gain.[caption id="attachment_4188269" align="alignnone" width="1280"]![A Dji drone is pictured in front of a press photographer. Reuters]()
A Dji drone is pictured in front of a press photographer. Reuters[/caption]The privately held company estimates such incidents could cost the company up to 1 billion yuan ($147 million) but said it “did not incur a full year loss in 2018”.On Friday, DJI said in a statement that it was “currently investigating a number of serious cases of corruption at the company leading to losses of more than RMB 1 billion for 2018”.DJI did not respond to further questions about its earnings.
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First Published:Jan 21, 2019, 20:00:44 IST
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