Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in a statement that, based on company policy, it would not comment on market rumors about its clients or products. The company has begun assessing its standard operating procedures while authorities investigate the matter, Hon Hai said, adding that it would not indulge employees implicated in such acts. The statement came after the Chinese-language online Mirror Media reported on Tuesday that top managers at Hon Hai have been involved in misappropriating assets since at least 2016, by selling defective iPhone casings, originally meant for destruction, under the table. The vendor had also told Hon Hai executives of the matter, but to no avail, it said. Hon Hai executives should shoulder the responsibility, Gou said.

Source: Taipei Times December 18, 2019 15:56 UTC