The Apple procurement manager accused of grabbing kickbacks from suppliers has pleaded guilty and agreed to pay back millions of dollars.
Paul Devine pleaded guilty to one count of wire fraud, one of conspiracy and one of money laundering. Devine agreed to pay Apple $2.5m - the amount he received from arranging dodgy supplier deals.
He was freed on bail and returns to court for sentencing in June, the FT reports. Devine was responsible for sourcing parts for iPods and iPhones.
Investigators found emails apparently between him and supplier companies arranging secret payments in exchange for insider information on Apple's procurement practises, specifications and prices. ®