Tencent fires staff in corruption probe

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Tencent Holdings has fired almost 70 staff members and blacklisted 13 companies from future contracts.

Technology and gaming giant Tencent said on Tuesday, 25 January, that it had fired close to 70 staff members on charges relating to bribery and embezzlement incidents last year. The company also said it blacklisted 13 companies from engaging in any future work.

In an official statement on it's social media platforms, the company said that Tencent’s anti-fraud investigation department discovered and investigated more than 50 cases of violations of "Tencent high-voltage lines", which is a concept it introduced to uncover any fraud and wrongdoing. Meanwhile, at least 10 people were referred to public security departments to be investigated. 

"Tencent has always believed in the values ​​of integrity and requires every Tencent employee to stick to the bottom line, put morality first, and be honest and fair," the statement read. "(This is) In order to jointly protect Tencent's corporate culture, build a healthy and safe working environment, and transmit positive energy."

The Chinese government has cracked down on corruption in recent years, while placing more regulatory pressure on big technology companies since last year. It has also implemented a wide-ranging crackdown on corruption in the sector. Tencent started it's anti-graft campaign in 2019 and has regularly reported the results of its probes, says Reuters.

The statement on Tencent's social media went on to report a number of specific incidents including an employee who worked in the former digital music department, who it said used his position to "collect favours from suppliers."

Another finding by the company included a number of staff members colluding with a recruitment firms to create fake remote working internships. While for one of them that received payments from internship candidates through the agency, the company said it referred to the police for investigation.

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