ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Apple supplier Japan Display says exec embezzled $5.25mn

Revelation comes as cash-strapped JDI scrambles for bailout from iPhone maker

The latest crisis at Japan Display is an alleged embezzlement scheme in which an accountant funneled millions of dollars to a fictitious company.

TOKYO (Reuters) -- Japan Display Inc on Thursday said it dismissed an accounting executive last year for embezzling about $5.3 million over four years since the Apple supplier went public in 2014.

JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police. The embezzlement was first reported by the Asahi newspaper on Thursday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more