DJI uncover 'extensive' fraud estimated at $150 million

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The world's largest drone-maker, DJI, has reported that it will take a loss of up to a billion yuan ($150 million) as a result of widespread employee fraud, according to Bloomberg.

The Chinese-company discovered the "extensive" corruption during an internal probe. 

"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," the company said in a statement.

Sources have confirmed over 40 individuals have been investigated at the high-profile company, with fraud believed to have be occuring in a number of areas of the business. DJI currently dominates the consumer drone market globally, and has grown rapidly in recent years, now emlploying more than 14,000 staff.

"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," it said in a statement. "We continue to investigate the situation and are cooperating fully with law enforcement's investigation."

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