Related
Stories
 |
| Alibaba said it has been trying to prevent cases of misconduct in the firm |
Alibaba
Group has said that one of its former executives, Yan Limin, has been detained
by police in China on "suspicion of accepting bribes".
Mr Yan was
the former general manager of the Alibaba's Juhuasuan website, which
specialises in group-buying.
Alibaba
said it had fired Mr Yan in March for not following regulatory mechanisms and
for mismanagement.
Alibaba,
China's biggest e-commerce group, said it was assisting with the investigation.
"It
reemphasises that Alibaba Group has a zero-tolerance policy against corruption
and is determined to stamp out these types of behaviours," the firm said
in a statement.
"We
are transparently communicating with customers, vendors and third parties, as
well as employees, when we find a situation involving misconduct inside the
company."
In February
last year, two executives at Alibaba resigned after a rise in fraudulent sales.
The firm
said at the time that an internal investigation had discovered more than 1,000
fraud cases in both 2009 and 2010.
Chinese
police subsequently arrested 36 people connected with operating the online
fraud on Alibaba.com and other websites.
Related Article:
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.