After Three Squirrels Inc(300783) former executives were sentenced for stealing and selling the company’s waste cartons and taking bribes by taking advantage of their position, the snack giant was exposed to two commercial bribery cases recently. According to the China judicial documents network, two employees of Three Squirrels Inc(300783) were sentenced for bribery of non-state staff.
According to the criminal judgment (2021) Wan 0203 Xing Chu No. 52, Cheng ye, the former director of the operation Department of Three Squirrels Inc(300783) Jingdong flagship store, took advantage of his position, instructed the supplier to increase the supply price, asked for a rebate of more than 5.3 million yuan alone or in collaboration with others, and committed the crime of bribery by non-state staff. He was sentenced to fixed-term imprisonment of 3 years and fined 400000 yuan;
According to the criminal judgment (2021) Wan 0203 Xing Chu No. 171, Zhang Xiaoxiang, manager of the original Three Squirrels Inc(300783) product center and expert of auxiliary materials, took advantage of his position to illegally accept 1.8854 million yuan from six business units such as Ningguo Chengnan printing factory and Ma’anshan Kangxiang new materials Co., Ltd. and committed the crime of accepting bribes from non-state staff. He was sentenced to fixed-term imprisonment of 3 years and suspended for 5 years, And a fine of 50000 yuan.
In response to the above two cases, Three Squirrels Inc(300783) the head of the public relations department told the financial reporter of china.com that the case was a public trial in 2021 and the result of the company’s active anti-corruption. “Zero tolerance for corruption is the consensus of the whole society and also the gene of Three Squirrels Inc(300783) clean culture.” The person in charge believed that the construction of the company’s integrity system is a process of continuous improvement, and the system mechanism is a preventive needle, not a specific drug, but he promised to stick to it and explore efforts.
It is worth noting that this is not the first time that Three Squirrels Inc(300783) has taken employees to court. In April 2021, Three Squirrels Inc(300783) former chief of staff Jiang Fei was found out by the company for bribery and job occupation. Finally, the court sentenced him to fixed-term imprisonment of one year and 10 months and fined 100000 yuan. At that time, Zhang Liaoyuan, the founder of Three Squirrels Inc(300783) , also wrote in the circle of friends that the company built its culture and values well, but the management and internal control system could not match this value, which led a young man to this road.
In this regard, Shen Meng, executive director of Xiangsong capital, believes that the reporting behavior of the company is only a remedy after the event. Although it seems that it is brave to take office, it actually reveals its lax internal management and the lack of system, resulting in that relevant personnel can use their power to accept bribes for a long time.
According to public data, Three Squirrels Inc(300783) was established on February 16, 2012. It is the first enterprise in China to position itself as a pure Internet food brand. Its main business covers a full range of leisure snacks such as nuts, preserved meat, dried fruit and puffing. In July 2019, Three Squirrels Inc(300783) was listed on the gem of Shenzhen Stock Exchange, known as “the first share of national snacks”.
