Apple Employee Arrested For Taking Kickbacks

A joint investigation by FBI and IRS, recently resulted in the arrest of 37 year old Paul Shin Devine who is a global supply manager for Apple. Devine allegedly received around $1 Million in kickbaks and bribes from various Apple suppliers for providing them with confidential information. This information helped these suppliers negotiate favorable contacts with Apple Inc while supplying various components of iPhone and iPod.

As the story goes, Devine used many bank accounts opened in his and his wife’s name to receive kickbacks from these suppliers which are scattered through several Asian countries including China, South Korea, Taiwan and Singapore. Paul Devine even received some payments in cash whenever he traveled to any of these countries. Apple has regarded this behavior as intolerant ans has filed a separate lawsuit against Paul Devine and his partners. Here is what the Apple spokesperson had to say about the incident:

Apple is committed to the highest ethical standards in the way we do business. We have zero tolerance for dishonest behavior inside or outside the company.

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Tehseen Baweja

Tehseen likes to write about Internet tools that make life easier. Check out his blog at Ijaar.com for more good stuff or follow him on Twitter @tehseenbaweja