Meet 'Tsai', the Man Who Stole 5,700 Apple iPhones Worth Over Rs. 10.6 Crore

According to Taiwanese prosecutors, a former senior level manager at Foxconn (a Taiwanese multinational electronics contract manufacturing company) had been identified to have stolen 5,700 Apple iPhones which helped him pocket around USD 1.5 Million (which roughly translates to Rs. 10.6 crores).

Meet 'Tsai', the Man Who Stole 5,700 iPhones Worth Over Rs. 10.6 Crore

Identified by his family name 'Tsai', the former manager at Foxconn worked in the testing department and had taken help of 8 employees of Foxconn's Shenzhen (located in Southern China) factory to smuggle thousands of iPhone 5 and 5s, prosecutors said.

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These stolen iPhones were not actually meant for retail purposes but were to be marked as scrapped on the manufacturing line. However, with the help of his partners, Tsai managed to smuggle them to offline stores in Shenzhen which, like mentioned earlier, have earned him around USD 1.5 Million. These handsets were told to be sold between 2013-2014.

Following an internal audit, the scheme was caught up by Foxconn and was consequently reported to Taiwanese authorities. As a result, Tsai was questioned about the same once he had returned to Taiwan and was released on bail later.

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As reported by AsiaOne, Tsai was sentenced to 10-years of jail term for breach of trust.

This is not the first time Foxconn is in the news for scandals. Earlier, in 2014, 5 former Foxconn employees were charged with breach of trust for accepting a bribe from suppliers to clear security checks on equipment.

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