The parent of Kaedar Electronics Co., one of the six companies named in an indictment of an Apple employee as having paid kickbacks to land Apple orders, acknowledged Monday that Kaedar did pay brokerage commission to an intermediate trading company for its business with Apple between 2005 and 2008, reports the "Wall Street Journal" (http://macosg.me/2/pu). However, it said it is not sure if the arrested Apple employee is behind the intermediate trading company.
Apple manager Paul Devine pleaded not guilty Monday to charges that he took at least US$1 million in kickbacks from Asian suppliers. A global-supply manager, he was accused of money laundering and wire fraud in a 23-count indictment unsealed Aug. 13 in federal court in San Jose, California.
Charles Lin, spokesman for Pegatron Corp., which acquired Kaedar Electronics in late 2008, declined to disclose to the "WSJ" the amount of money Kaedar had...| Read more »