Apple manager charged with taking kickbacks from suppliers
A manager at Apple has been indicted on 23 counts of money laundering, wire fraud, and accepting kickbacks of over $1 million from would-be Apple suppliers in Asia. Paul Shin Devine, a global supply manager, and Singapore resident Andrew Ang are accused of soliciting payments from suppliers in exchange for confidential information that would enable the companies to win contracts from Apple.
According to the indictment, Devine had the companies bidding to supply iPod and iPad components wire numerous small payments to a number of US and offshore bank accounts held by him and at least one shell company. Devine is currently in custody in California, while an IRS agent declined to tell the The Mercury Newsif Ang was in custody.
Apple condemned Devine's alleged actions in a statement. "Apple is committed to the highest ethical standards in the way we do business," spokesperson Steve Dowling said. "We have zero tolerance for dishonest behavior inside or outside the company."
Devine will appear in federal court on Monday afternoon.
Further reading
- Apple manager arrested in kickback scheme (mercurynews.com)
- Apple manager indicted on kickback charges (news.yahoo.com)
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