China-based drone manufacturer DJI has discovered that some of its employees inflated costs of parts and materials on some of its products “for personal financial gain,” according to a company statement on Monday. As the result of an internal fraud investigation, an unspecified number of employees have been dismissed for violating company policies. In addition to continuing to investigate the situation itself, DJI says that it has contacted law enforcement officials and is cooperating fully with their investigation.
“These actions do not represent DJI, our culture, or our 14,000 employees, who work hard every day to serve customers and develop cutting-edge technologies,” DJI said. “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.”
DJI estimates that the fraudulent activities uncovered could have cost the company up to 1 billion yuan ($147.3 million).
