Apple exec charged over Asian kickbacks

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Apple exec charged over Asian kickbacks

Dylan Bushell-Embling  |   August 16, 2010
telecomasia.net
US authorities have indicted Apple manager Paul Devine, accusing him of taking well over $1 million 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.
 
Devine - who was responsible for procuring parts for iPhone and iPod handsets - allegedly received payments over at least three years from suppliers in countries including China, Singapore and Korea, FT.com said
 
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 indictment lists 23 counts of wire fraud, money laundering and kickbacks, Mercury News said
 
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.
 
The indictment also names Andrew Ang, former employee of Jin Li Mould Manufacturing of Singapore. Ang is accused of offering kickbacks, as well as serving as a broker for other companies involved in the scheme for a share of the bribes.
 
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