In an open letter, DJI pledges to take ‘painful’ steps to ‘eliminate these problems’, referring to the widespread corruption that was discovered by DJI during routine audits late in 2018. The uncovered corruption adds up to a total loss of $150M, but it may only be ‘the tip of the iceberg’, according to the drone maker. Dozens of employees have been fired or turned in to local law enforcement. In the letter, DJI explains that in the past the company has ’emphasized corporate growth over new internal processes,’ but that it will need to take ‘a leading role in developing clear policies, procedures and expectations to address corner-cutting and employee theft’ in order to become a mature company. You can read their entire statement below.
Fraud Stories January 31