Listed snack retailer company executive busted for stealing waste paper boxes
Published: Jun 24, 2021 07:23 PM
Photo: IC

The Three Squirrels Photo: IC

A senior executive at the Three Squirrels, a snack retailer in China, was sentenced to prison for taking bribes from clients and selling the company's waste paper boxes for his own profit. He made 340,000 yuan ($50,000) from the bribery.  

The former director of the logistics department at the listed company, surnamed Jiang, was found to have taken possession of the waste paper boxes and sold them for personal use from 2018 to 2020.

His colleague and cohort also gained profits amounting to 340,000 yuan in the secret sales of the waste boxes. 

Jiang was also charged with taking bribes from clients who gave him 270,000 yuan in cash and a BMW car.

The company said Jiang's crimes were found by the company's anti-corruption department. He was sentenced to one year and two months in prison for bribery and 11 months for duty encroachment. 

A paper industry insider estimated that the amount of the waste paper Jiang had sold was about 250 tons to 300 tons.

Global Times