TechnoclinicTechnoclinic
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Foxconn Manager Indicted for Stealing, Selling Thousands of iPhones for Nearly $1.56 Million
Share
Sign In
Aa
TechnoclinicTechnoclinic
Aa
Search
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technoclinic > PHONES > Foxconn Manager Indicted for Stealing, Selling Thousands of iPhones for Nearly $1.56 Million
PHONES

Foxconn Manager Indicted for Stealing, Selling Thousands of iPhones for Nearly $1.56 Million

srijita
Last updated: 2016/12/05 at 2:40 PM
srijita
Share
SHARE
Foxconn Manager Indicted for Stealing, Selling Thousands of iPhones for Nearly $1.56 Million

A former senior manager at Taiwan’s technology giant Foxconn has been indicted for stealing and selling 5,700 iPhones in China to pocket around $1.56 million (roughly Rs. 10.6 crores), Taiwanese prosecutors said Friday.

Foxconn is the world’s largest contract electronics maker and assembles products for international brands such as Apple and Sony. It employs about one million workers at its factories across China.

The Taiwanese manager, identified by his family name Tsai, worked in the testing department and instructed eight employees at Foxconn’s factory in the southern mainland Chinese city of Shenzhen to smuggle out about thousands of iPhone 5 and iPhone 5s, prosecutors said.

Tsai and his accomplices sold the testing phones, which were supposed to be scrapped, to stores in Shenzhen and made nearly TWD 50 million ($1.56 million) from 2013 to 2014, said the New Taipei district prosecutor’s office.

Foxconn reported the case to Taiwanese authorities following an internal audit and Tsai was questioned after he returned to the island earlier this year and was released on bail.Tsai was charged with breach of trust and faces a maximum 10-year jail term according to prosecutors.

Foxconn has been hit with a number of scandals in recent years from employee misconduct to labour disputes.

In 2014, five former Foxconn employees were charged with breach of trust in Taiwan for allegedly soliciting TWD 160 million in kickbacks from suppliers in exchange for clearing quality checks and buying their equipment.

They were sentenced to up to 10 years and six months in prison by a district court in Taipei last month.

The company has also come under the spotlight over labour unrest, a spate of employee suicides and the use of underage interns at its Chinese plants in recent years.

[“source-ndtv”]

TAGGED: $1.56, for, Foxconn, Indicted, iPhones, Manager, Million, Nearly, of, Selling, Stealing, thousands

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
srijita December 5, 2016
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Production BMW X2 Will Retain Concept’s Styling
Next Article LG V20 India Launch Set for Today

Latest News

How to Prepare for the Mandatory Windows 11 Upgrade
LAPTOPS
How to Clean Your Flat-Screen TV The Right Way
HDTV
AI and Content Management: How Organizations Can Prepare for the Future
SOFTWARE
What is Application Software: Function and Features of Application
APPS
Case Study: Nissan and Teads’ Immersive Concept Car Campaign Transformed Scrolls into Stories
NEWS
Review of Hootsuite: Advantages, Drawbacks, Features, and Other Options
REVIEWS

Most Viewed Posts

  • Choosing the Right Tablet for Blogging and Writing On the Go (1,117)
  • How to Start a Product Review Blog (Templates & Examples) (1,057)
  • How To Start A Review Blog and Get Free Review Products (1,053)
  • What You Need to Know About Smartphones vs. Tablet use of the Mobile Internet (1,042)
  • Bengaluru Lady Turns Blinkit Conveyance Specialist For A Day And Her Choice Prompted Significant Changes In Application (1,033)

© 2023 TechnoClinic Network. TechnoClinic Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?