Breaking News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series Leica announces The APO-SUMMICRON-M 35 f/2 ASPH GIGABYTE Launches Radeon RX 6700 XT series graphics cards Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Japan Display Employee Stole 578 Million Yen

Japan Display Employee Stole 578 Million Yen

Enterprise & IT Nov 21,2019 0

Japan Display (JDI) discovered last year that a former employee had fraudulently remitted money to companies that had no actual transactions with JDI and had illegally acquired revenue stamps.

The display maker said that from July 2014 to October 2018, a former employee of JDI's administrative division committed fraud by conducting transactions with companies that did not exist and had no business relationship with JDI. The employee was fraudulently acquiring company funds by transferring money falsely labelled as, for example, outsourcing expenses to these fictitious companies. The employee also acquired company funds by improperly obtaining revenue stamps, falsely claiming that the stamps would be affixed to contracts and other documents.

JDI said that the total amount of damage to the company amounted to approximately JPY 578 million ($5.321.646).

Following the discovery of the incident, JDI formed an internal investigation committee, including external experts (lawyers and certified public accountants), and conducted an investigation. The company dismissed the employee on December 28, 2018 and filed a criminal lawsuit.

"We sincerely regret this unfortunate incident and apologize for any anxiety caused to our shareholders, business partners and other stakeholders," Japan Display said.

Tags: Japan Display
Previous Post
Verizon, Snap to Develop 5G Augmented Reality Experiences
Next Post
Google Assistant on Chrome Can Buy You Movie Tickets

Related Posts

  • Japan Display Finalises Deal to Raise $200 Million, Possibly From Apple

  • JDI Starts Mass Production of 1058 ppi High-Definition VR LCD

  • Japan Display Gets $920m Bailout from Ichigo

  • Japan Display Could Sell Display Factory to Apple, Sharp

  • Japan Display Agrees for $736 Million Bailout

  • Japan Display to Showcase 12.3-inch Transparent LCD Display at FINTECH JAPAN 2019

  • Japan Display Reports Quarterly Net Loss

  • Apple to Help Japan Display With Early Payment

Latest News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound
Smartphones

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series
GPUs

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH
Cameras

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH

GIGABYTE Launches Radeon RX 6700 XT series graphics cards
GPUs

GIGABYTE Launches Radeon RX 6700 XT series graphics cards

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments
Smartphones

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed