The ex-head of NetEase's esports division and the former general manager of NetEase Games have been arrested on money laundering and bribery charges, highlighting increasing scrutiny on corporate governance in the gaming sector.
NetEase confirmed an ongoing police investigation into alleged corruption, revealing that they have dismissed nine staff members and will sever ties with 27 companies linked to the scandal.
The allegations involve laundering an estimated 800 million to 1 billion yuan, showcasing the scale of corruption that can permeate even prominent gaming companies like NetEase.
This incident comes amid a backdrop of white collar crimes within the gaming industry, reminiscent of cases like Yuji Naka's insider trading conviction.
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