NetEase employees have allegedly laundered up to $139.3 million in a trading scheme that involves nearly 30 companies

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Elie is a news writer with an unhealthy love of horror games—even though their greatest fear is being chased. When they're not screaming or hiding, there's a good chance you'll find them testing their metal in metroidvanias or just admiring their Pokemon TCG collection.

) alleges that NetEase Games' general manager in charge of marketing and former head of NetEase's esports division, Xiang Lang, has been taken away by the company's internal anti-corruption department for investigation. Other employees who work under Lang are also reportedly under investigation for purchasing traffic to help promote NetEase's top products. So far, all NetEase has confirmed to Bloomberg in a statement is that police are investigating the possible corruption.

There have been a few estimates for how much cash employees allegedly laundered. Some reports indicate up to 2 billion yuan , but Game Developer reports that the actual price is likely closer to 800 million to 1 billion yuan .and given a suspended jail sentence for insider trading. Naka was first arrested back in 2022 while he was still at Square Enix. The main accusation was that he bought shares in Aiming Inc.

So far, there's no clear indication that any further action has been taken against the individuals involved. However, an internal memo to staff announced that nine staff members had been let go for alleged bribery. The names of those involved have seemingly since been removed from NetEase's internal systems, and company computer screensavers have been changed to remind staff of NetEase's compliance protocols.

 

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