Chinese Technology giant and the world’s largest video game company, Tencent, has fired more than 100 employees over allegations of fraud, corruption, and embezzlement. The company reported more than 10 employees to the Police, with one of the employees being sentenced to three years in prison for accepting bribes from a competitor. There are six other cases that have resulted in imprisonment.
The numbers prove that the size of internal corruption is larger and more severe in 2022 than the previous years. As a part of its anti-corruption campaign, Tencent has started annual reporting of the number of corruption and fraud cases found within the company. Some of the cases of 2022 include employees from the company’s News and Media content group and its famous TiMi and Lightspeed gaming studios.
Founder, Chairman, and CEO of Tencent Pony Ma admitted that the corruption level is severe within the company. Last month in an internal company meeting, he gave an intense speech highlighting the problems within the company’s management, gaming business, WeChat platform, and other subsidiaries. He stated, “the internal corruption is really shocking, involving some managers. This year, Tencent introduced the digital capability for anti-fraud by collecting reimbursement within the company and the data of external suppliers.”
In response to the corruption allegations, the firm said that it had a zero-tolerance policy against such behavior and would blacklist the people and parties involved in such shady business. The company also said that external firms and businesses involved in such transactions will be barred from future contracts.
In the last couple of years, Tencent has been involved in controversies and has been a target of the censorship campaign of the Chinese government. The biggest video game company in the world was under an 18-month ban from launching new games. The ban was lifted last September when the government approved a new batch of licenses, including one for Tencent’s action game, Metal Slug: Awakening. TiMi studios, a subsidiary of Tencent that developed this game, was also reportedly involved in the corruption scandal.
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