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Apple suppliers in bribery charges

Date: 18 Aug 2010

The two Apple suppliers named as having benefited from bribery allegedly received by its procurement executive Paul Devine have responded to charges. Devine has been accused by the company of having received more than $1m from Asian suppliers in return for confidential market information.

Taiwan firm Pegatron said that it has now suspended a manager that had been involved in the practices pending its own investigations.

South Korea's Cresyn has denied any wrongdoing, saying that it had signed a legal consultancy agreement with Paul Devine providing legal information about US market trends. However, Apple has said that the consultancy agreement included confidential information such as Apple product roadmaps and sales forecasts.

Devine is currently held in prison pending trial.

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