Huawei Corruption
Teng is accused of accepting bribes, although it is unclear who paid what sums to the Huawei manager. The company referred to its strict internal ethics policy, which does not tolerate corruption in any way. Due to the ongoing investigation, the company did not want to comment on the case yet.
So far, it is unclear who might succeed Teng. Teng had previously worked for Huawei, Nokia, and Samsung, where he also held senior positions. It is currently speculated that his arrest is related to bribery by traders who repeatedly try to gain benefits in China from equipment manufacturers by paying illegal funds.
Huawei himself is always with a hard hand against corruption in its ranks. It was not until January 2017 that six managers from the Consumer Business Group were accused of sharing internal information with Chinese competitors LeEco and Coolpad. At that time, the main person in charge was also arrested and he was behind the development of the Huawei P6, which began the rise of Huawei as the first competitor in the smartphone market a few years ago.
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In 2014, Huawei had nearly 120 employees on the door because they could prove corruption. At that time, the company was able to win back around 47.5 million euros illegally paid bribes. In 2015, company founder Ren Zhengfei announced that he wanted to crack down on internal corruption even more – after Huawei had previously granted a kind of amnesty involving more than 4,000 employees who had previously been involved in bribery and fraudulent business practices.
