Drone giant DJI will take a huge loss due to employee fraud

The world's largest drone-maker, DJI, has reported that it will take a loss of up to a billion yuan ($150 million) due to employee fraud, according to Bloomberg and other sources. The company said that it fired multiple employees who apparently inflated parts costs to pad their own pockets. DJI discovered the "extensive" corruption during an internal probe and has contacted law enforcement. The corruption probe is one of the largest ever in the recent history of Chinese tech, according to Bloomberg. "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.