Former Apple Employee Sentenced to Prison for Embezzling 22 Billion Won from Company Funds Over 8 Years

Embezzlement by Inflating Delivery Payments or Creating Fake Invoices
Prosecutors: "Betrayed Trust and Abused Power"

A former Apple employee who embezzled $17 million (approximately 22.7 billion KRW) of company funds over eight years in collusion with two suppliers was sentenced to three years in prison.

On the 28th (local time), according to major U.S. media outlets, the federal district prosecutor's office in California announced that the court sentenced former Apple employee Dhirendra Prasad, who was charged with fraud and other offenses, to three years in prison.

Prasad was responsible for parts procurement in Apple's Global Services Supply Chain department from 2008 to 2018. From 2011, he embezzled more than $17 million over eight years in collaboration with two suppliers. He inflated delivery payments or created fake invoices for undelivered goods to charge the company. He also received bribes and entertainment from these suppliers.

Prasad, who was indicted last year, admitted to the charges and was sentenced to three years in prison. He must repay the $17 million embezzled from Apple and pay $1.87 million (approximately 240 million KRW) in back taxes to the IRS. In addition to the confiscation of assets worth $5.4 million, a fine of $8.1 million (1.083 billion KRW) was imposed.

The prosecution stated in a press release, "Prasad was granted significant discretionary authority to make autonomous decisions on behalf of the company but betrayed trust and abused his power." Apple did not issue any particular statement regarding this ruling.

This content was produced with the assistance of AI translation services.