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Home / Business / DJI: Chinese drone maker uncovers fraud that could cost it $ 150 million

DJI: Chinese drone maker uncovers fraud that could cost it $ 150 million



The private Chinese company, the world's largest producer of consumer drones, said in a statement that it had "inflated the cost of parts and materials for certain products for personal financial gain."

The incident raises questions about the financial management of one of China's best known technology firms, which sells billions of dollars each year.

DJI said in a statement it's about the case.

A spokeswoman for DJI declined to

Police in Shenzhen, the city where DJI is based, did not

DJI, which employs around 14,000 people, has become one of China's most successful homegrown technology companies pioneering the global market for consumer drones.

 DJI sells millions of drones around the world every year.
One of its rivals, GoPro, is the drone market last year, citing difficulties with regulators and an extremely competitive market.

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