Apple exec charged over Asian kickbacks
Dylan Bushell-Embling |
August 16, 2010
telecomseurope.net
US authorities have indicted Apple manager Paul Devine, accusing him of taking well over $1 million (€780,904) in kickbacks from the company’s Asian manufacturers in exchange for helping them win contracts.
As well as a federal indictment from the US Internal Revenue Service, Devine is also the target of a lawsuit from Apple itself.
In exchange, he provided his co-conspirators with confidential data including Apple's bid targets for multiple supply tenders, as well as its product roadmap and sales targets.
The suit and indictment alternatively allege that Devine took in more than $1 million from one company alone, and that he had set up bank accounts in his wife's name to which he transferred more than $500,000 in illegal proceeds.
Andrew Ang, a former employee of Jin Li Mould Manufacturing of Singapore, is also named in the indictment - accused of offering kickbacks and serving as a broker for other companies involved in the scheme.