Chinese drone maker DJI uncovers corruption, sees $150 million loss

Chinese drone maker DJI uncovers corruption, sees $150 million loss

A 'Phantom 2' drone by DJI company flies during the 4th Intergalactic Meeting of Phantom's Pilots (MIPP) in an open secure area in the Bois de Boulogne, Paris, in this March 16, 2014 file photo. REUTERS/Charles Platiau/Files

China’s SZ DJI Technology Co Ltd, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result, it said on Friday.

The company said it was investigating the cases, which came to light during routine quality control in 2018, and that it had handed a number over to the authorities.

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