The opening year of the great factory anti-corruption case has opened。
On 15 january, journalists learned thatThunderNasdaq:xnet forward ceoChen liIts core team filed a lawsuit alleging that it had violated the company's interests, in the amount of $200 million, and the case is currently before the shenzhen court。
According to close sources, in 2014, chen li joined as cto and was promoted to ceo in 2017. In 2020, he was removed from office on suspicion of misappropriation. Subsequently, the shenzhen city public security bureau opened an investigation into chen qi and others suspected of misappropriation. In order to avoid investigation, chen qi and former senior vice-president zhou zhou zhao left the country。
On 8 october 2020, she announced that the company's former ceo chen yi had been opened for investigation by the shenzhen city public security bureau on suspicion of misappropriation of his position, in which she called upon chen yi to return to the country to cooperate with the investigation as soon as possible。
At that time, informed sources indicated to the press that during his term of office, in addition to the alleged occupation of his position, chen had been suspected of embezzling the company's funds from 2017 to his removal from office by means of false claims and additional salary payments。
The insider informed journalists that during his term of office chen li had transferred assets not only through the formation of an in-person company, shenzhen shenzhen, a company under the control of chen shenzhen, which had transferred a significant amount of money to her integration through various illegal means, but also through an improper relationship with her subordinate cod (former senior vice-president of sunay) within the company, which had led to the unbridled transfer of benefits across the corporate governance line, including through illegal means such as the fabrication of trade links and the preparation of false contracts。
As previously reported in the press, during his term of office as ceo, chen li instructed his subordinate cod to sign a service agreement with a third party and hired two “technical experts” from tsuruang, heilongjiang, to serve as block chain technical advisers. According to the source, after chen li left the country, the two experts were found to be between two 60-year-old peasant couples from tsukaku heilongjiang, relatives of thong cod from his home, and the bank card charged by the two experts for consultancy fees was in fact held by thong cod, with funds at his disposal。
In addition, chen shui, through the former senior vice-president, thong cod network, has taken stock of the village and the best friend of the cod heilong gang, placed in key positions of the company, and has taken out company funds by illegal means such as falsifying trade chains and making false contracts, which involve huge sums. The new management has now cleared and adjusted the relevant operations and personnel for rapid mine clearance. Chen yi is also suspected of misappropriating tens of millions of corporate funds for illegal currency sales that are explicitly prohibited by the state. To avoid investigation, chen yi left the country in early april 2020。
As previously announced, chen yu has obtained a bachelor's degree in computer science and technology from the university of qinghua and a master's degree from the faculty of computers at austin university, texas, and has worked in google and microsoft in the united states, joined the quetzations in 2010 and served as general manager of the cloud platform and deputy general manager of the open platform and deputy general manager of the social advertising platform. In 2014, chen zhuang joined forces to serve as chief technical officer (cto) and became co-chair ceo of sun zhuay corporation from 2015 to 2017, and began to serve as director and director of sun zhou。
According to those close to the case, six years later, a significant part of the case brought before the courts was due to the fact that, in the course of the fight against corruption within the company, it would be difficult to obtain evidence of violations committed by top managers and that the procedure would be more complicated when chen li was outside the country。
“senior managers are familiar with the operating mechanisms within the enterprise and have the corresponding powers, the violations are highly confusing and covert and have a high awareness of counter-investigation.” zhu zhou, an associate professor at the chinese university of political science and law, stated to journalists that, for example, the use of drawer agreements, the use of close associates to hold positions of interest or to hold companies on their behalf, the absence of evidence such as written agreements, the prefacement of good words, remote control behind the scenes, and the disguise of improper misappropriation of funds in the form of apparently legal contracts and transactions. On the other hand, if a suspect flees, it will make the case more difficult and easier to extract and destroy evidence, as well as limit the investigative capacity of law enforcement。
Since chen yi is currently overseas, chu believes that this may affect the outcome of the case. In the course of the investigation of a case, an enterprise is required to prove to the court that what appears to be hidden under a normal transaction is a violation of the law, but the communication of the true arrangement of the transaction, the movement of funds between other persons and outside enterprises, which is only available to the judicial authorities and the public security organs do not have extraterritorial enforcement powers, may encounter greater difficulties in the investigation and taking of evidence, which may lead to the case being dropped。
In recent years, large internet factories have continued to strengthen internal corruption and, according to journalists, many of them have been exposed since last year to internal corruption。
On 25 december last year, the byte-viting corporate disciplinary and ethics committee issued a circular on the handling of internal irregularities in the third quarter of 2025. According to the circular, a total of 120 employees were dismissed for violating the company's red line, 28 of whom were notified by their real names. Of the 28 employees notified by name, 14 were referred to the judicial authorities on suspicion of criminal offences, and companies simultaneously communicated their information to the trade union and cancelled their options; 4 were also synchronized with the trade union or cancelled their options because of aggravating circumstances。
On 24 july last year, according to the daily people's journal, the people's procuratorate of the haidian district of beijing issued a white paper on the prosecution of commercial corruption (202024), which provides a systematic overview of the 1,253 cases of commercial corruption offences handled over the past five years, summarizes the characteristics of commercial corruption offences and gives risk-prevention tips and recommendations for governance responses。
The case concerned feng xiao, a company with a short video platform in the haidian district of beijing responsible for the integration and approval of service providers, incentives for policy development and implementation, and a conspiracies to obtain an award of $140 million. According to reports, in order to expand operations and attract traffic, the company regularly introduced a variety of subsidy policies to encourage service providers to enter and operate. Such policies are designed by feng, who interprets the rules and supervises their implementation. Feng had deliberately “set aside” the loopholes, then leaked internally operating data that were supposed to be strictly confidential, to tang, yang and others. With this “key” in internal data, external vendors can “grow” the results of others' efforts in their own name by submitting false applications that meet the conditions of the incentive. In a short period of one year, this clandestine “channel of funds”, which should have subsidized a large incentive of $140 million to service providers and operators, was illegally appropriated by feng and others。
On 2 july of last year, in an internal mail, b. Informed the public security authorities that zhang amin, the former director-general of the ministry of play cooperation, had been arrested in accordance with the law for having committed a serious criminal act while working at b. In the circular, station b stated that all employees of the company should comply with the laws and regulations of the country and encourage a wide range of employees and partners to file complaints of fraud and abuse against company employees。
According toInternet enterpriseThe white paper on crimes of internal corruption mentions that corruption offences committed by persons within internet enterprises also have characteristics different from those of other industries in cases of corruption throughout the internet industry. Such as the covert nature of the means, the high prevalence of traditional “internal and external collusion” forms of crime, the virtualization of the pattern of unlawful interests, the high incidence of “small corruption” and “soft platform power” rent-seeking. The data show that in 127 cases, a large number of cases occurred more than three years ago, of which 25 cases occurred over five years and 3 cases over 10 years。
