DJI investigates multiple corruption cases set to leave it with losses of £116m

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DJI expects to report a loss of over £116m ($150m) in its forthcoming financial results, following the discovery of several cases of “serious corruption” within the company.

The drone giant confirmed in a statement to Commercial Drone Professional on Friday that it is currently investigating the cases, which were found during quality control last year. It said that a number of workers have been sacked as a result of the probe.

DJI has moved quickly to address the breaches, including setting up a “high-level” taskforce that will also be responsible for creating more robust internal procedures in future.

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The statement reads: “We confirm that DJI is currently investigating a number of serious cases of corruption at the company leading to losses of more than RMB 1 billion (£116m) for 2018.

“DJI condemns any form of corruption strongly and has set up a high-level anti-corruption task force to investigate further and strengthen anti-corruption measures. A number of corruption cases have been handed over to the authorities, and some employees have been dismissed.”

Reuters cited Chinese news reports that claim DJI is looking into the actions of more than 40 people, but the company itself has not given any official comment on how many individuals are being investigated.

It is thought that the company employs in excess of 12,000 staff.

Tags : businessCorruptionDJIfinancial
Alex Douglas

The author Alex Douglas

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