Ant Financial's Two Employees Sentenced for Taking Bribes

Belinda Zhou
    Jul 19, 2019 10:00 AM  PT
Ant Financial's Two Employees Sentenced for Taking Bribes
author: Belinda Zhou   

Two senior employees in Ant Financial Services Group, the finance arm of giant Alibaba Group Holding Ltd. (NYSE: BABA), have been arrested for accepting bribes.

The People's Court of Xihu District of Hangzhou published a report late last week saying that a business manager and a senior specialist from the Digital Entertainment Center of Ant Financial have accepted more than $1.9 million in bribes to approve an unqualified application and handle gambling and fraud complaints. 




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