Tencent dismisses employees and blacklisted companies due to bribery and embezzlement

Tencent recently fired over 100 of its employees and shunned 37 firms due to the company’s bribery and embezzlement cases. It was reported that the Chinese multinational technology conglomerate holding company ousted them as it pushes its anti-graft campaign.

Tencent’s campaign against corruption

Tencent revealed to the public what it did to curb the corruption inside the company. Through its social media post, the company shared that it has reported 40 of its employees to the police and also named 37 companies that it blacklisted.

Chinese multinational technology conglomerate holding company Tencent on Wednesday named 37 companies it had blacklisted from future contracts and said it had fired more than 100 staff over embezzlement and bribery incidents.

It was said that Tencent started its anti-graft drive in the last quarter of 2019 and so far have sent dozens of employees to the police as the hunt continues for crooked workers. As per Reuters, the tech company also shared one story about an employee who was caught.

It stated that one staff who was working in Tencent’s game publishing division tried to collect benefits for parties outside of the company. The person was able to get kickbacks, but it was not explained how the transaction was done.

At any rate, Tencent has heightened its drive against corruption as more and more employees are engaging in illicit transactions. It is also cited an incident when an Alibaba senior executive was arrested for graft, and the company wants to avoid this.

Tencent’s investigation findings

Nikkei Asia reported that Tencent carried out its own investigation for graft, and the company did not hesitate to disclose its findings. It admitted that it found many of its workers have violated many of the company’s rules in the first three quarters of 2019.

So far, 22 cases of bribery and embezzlement were discovered in the fourth quarter of that same year. Tencent candidly revealed that most of the cases were connected to the company’s Platform and Content Group that manages the video-sharing businesses. Finally, most of the offending workers were from the online game and cloud business departments.