Gadgets

It is reported that managers and employees of NetEase have been arrested during the corruption investigation

The former head of the sports department at NetEase and the former general manager of NetEase Games are said to have been arrested for money laundering and bribery. Along with former executives Xiang Liang and Jin Yuchen, several other people working in the company have reportedly been arrested on suspicion of corruption.

As noted by Chinese shop reported that the former employees in question allegedly stole in the region of 800 million to 1 billion yuan ($111 million to $139 million). NetEase is certified to only that the police were investigating possible corruption. The company is said to have fired nine employees for alleged bribery.

Many foreigners are involved, according to . The source noted that, according to an internal memo, NetEase will refuse to do business with 27 companies linked to alleged fraud and corruption.

NetEase is behind the likes of again Naraka: Bladepoint (the latter averaging over 109,000 players on Steam at any given time). It has two free-to-play shooters on the way based on major franchises, viz again .

White-collar crime is not uncommon in the gaming industry. Sonic the Hedgehog creator Yuji Naka last year was also ordered to pay just over $1.1 million after admitting to insider trading.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button