Apple supplier Japan Display fires executive for $5.3 million embezzlement

Japan Display said on Thursday it dismissed an accounting executive last year for embezzling about $5.3 million over a four-year period spanning 2014-2018.

Reuters reports:

JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police.

The employee had defrauded the company of about 578 million yen ($5.3 million) between July 2014 and October 2018 by arranging for payments to be made to a fictitious company, JDI said.

The revelation comes as the cash-strapped company is scrambling to clinch a bailout deal with Apple and other investors, seeking to raise at least 50 billion yen.

MacDailyNews Take: What a circus!


  1. I had a feeling something like that was going on in that company. Shades of GT Advanced Technologies, Apple’s sapphire company. Another bunch of crooks stealing money and giving nothing back. I hope Apple is able to recover that money and put that crook in jail. Some of these companies are just money pits and nothing more. I was hoping JDI would be of some use to Apple for high-quality displays. I don’t know why they’re always strapped for cash but maybe there are more shady dealings going on in that company.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.