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Nine employees of NetEase have been arrested on charges of money laundering and bribery, with the alleged corruption amounting to approximately $139.3 million. The detentions were confirmed by multiple reports, highlighting the serious nature of the allegations against the gaming company. The arrests come amid increasing scrutiny of corporate governance and financial practices within the industry, raising concerns about compliance and regulatory oversight in China.
A Chinese court has sentenced Chen Jixiang, former vice chairman of the standing committee of the National People's Congress of China in Guangdong Province, to death for accepting bribes totaling about $38 million. That’s one way to deal with a political corruption.
Some of NetEase employees were allegedly involved in the laundering of $139 million. Details: https://t.co/WSEPgKBZ5b #videogames #gameindustry https://t.co/dcUBlQi7Qf
Alleged corruption charges against NetEase employees reportedly amount to roughly $139m https://t.co/L31iLBPzOp
