Friends make use of a DJI Osmo Pocket camera image : DJI

Drone maker DJI has discovered several cases of corruption and expects 2018 losses of over 1 billion yuan ($150 million) as a result, the company said on Friday. It says the cases came to light during routine quality control last year and has kicked off investigation, handing a number of employees to authorities already.

According to state-run China Securities Journal citing an internal report, more than 40 people at the consumer drone manufacturer had been investigated on this issue. This counts as a minority for the company which employed 12,000 people as of 2018 end. “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,” DJI said.

A man hand launches a DJI Spark drone image : DJI

“A number of corruption cases have been handed over to the authorities, and some employees have been dismissed,” It added. Headquartered in Shenzhen, 12 year old DJI is the world leading consumer drone manufacturer with a 74% market share according to the 2018 Drone Market Sector Report by Skylogic Research.

It booked revenues of 18 billion yuan ($2.83 billion) in 2017 and was reported to be raising funds at a $15 billion valuation early last year.

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