Staff fraud may cost China's DJI drone maker $150m

Chinese drone maker DJI has placed 45 employees under investigation for alleged fraud that could cost the company more than one billion yuan ($150 million) in losses, the firm said Monday.

The world's top civilian drone maker said in an internal memo that most of the employees involved in the fraud worked in the supply chain, and 29 were fired while 16 were reported to the police.

The case is expected to involve more than 100 people and many people will be facing a sentence in jail, according to Friday's memo, whose authenticity was confirmed by a company spokeswoman on Monday.