Foxconn manager indicted for stealing 5,700 iPhonesTAIPEI--A former senior manager at Taiwan's technology giant Foxconn has been indicted for stealing and selling 5,700 iPhones in China to pocket around US$1.56 million, Taiwanese prosecutors said Friday. Foxconn is the world's largest contract electronics maker and assembles products for international brands such as Apple and Sony. Tsai and his accomplices sold the testing phones, which were supposed to be scrapped, to stores in Shenzhen and made nearly NT$50 million (US$1.56 million) from 2013 to 2014, said the New Taipei district prosecutor's office. Foxconn reported the case to Taiwanese authorities following an internal audit and Tsai was questioned after he returned to the island earlier this year and was released on bail. Tsai was charged with breach of trust and faces a maximum 10-year jail term.

Source: The China Post December 02, 2016 16:01 UTC