NetEase executives and workers were reportedly arrested amid a corruption investigation


The former head of NetEase’s esports division and former general manager of NetEase Games have reportedly been arrested on charges of money laundering and bribery. Along with former executives Xiang Liang and Jin Yuchen, several people who worked at the company were reportedly arrested on corruption charges.

as mentioned by Chinese output The former employees in question allegedly laundered between 800 million and 1 billion yuan ($111 million to $139 million) in the region. NetEase approved only the police were investigating possible corruption. The company is said to be fired nine employees for alleged bribery.

According to information, several foreigners also participated . According to an internal memo, NetEase will refuse to do business with 27 companies allegedly involved in fraud and corruption, the publication noted.

NetEase is behind the likes and Naraka: Bladepoint (the latter averages over 109,000 players on Steam at any given time). Based on the main franchises, there are two free-to-play shooters on the way, viz and .

White-collar crimes are not uncommon in the gaming industry. Sonic the Hedgehog co-creator Yuji Naka was last year and ordered to pay just over $1.1 million after allowing insider trading.



Source link

Leave a Reply

Your email address will not be published.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