Reuters was one of the first to publish an article announcing that DJI had discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result.

DJI released a statement regarding the employee fraud investigation this morning.

DJI holds our employees to strict ethical standards and takes any violation of our code of conduct very seriously. During a recent investigation, DJI itself found some employees inflated the cost of parts and materials for certain products for personal financial gain, which DJI estimates could have cost the company up to RMB 1 billion. However, DJI did not incur a full year loss in 2018.

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DJI took swift action to address this issue, dismissed a number of employees who violated company policies, and contacted law enforcement officials. We continue to investigate the situation and are cooperating fully with law enforcement’s 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. 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.

Learn more at DJI.com

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