Chinese corruption probe into Swiss lift firm , Schindler

On the 24th September two Chinese local managers, including the local managing director, of the Swiss company Schindler were taken in for questioning by the Chinese Authorities. The investigation of the lift and escalator manufacturer takes place as part of an anti-corruption campaign being undertaken by the Chinese President Xi Jinping. To date several government officials and foreign firms have been investigated, including the pharmaceutical giant GSK.[1]

The accusations relate to embezzlement and passive bribery (acceptance of bribes) and possibly bribery related to individuals.[2] While the exact allegations are still unclear the accusations could relate to investigations in the Chinese sales department. The company has been operating in China for over 36 years and has been expanding its business operations. [3] China accounted for 70% of global escalator sales in 2014 and is therefore a large market for the firm.[4]

The Board of Directors of Schindler did not release the identity of the managers, and it states it is working closely with the Chinese authorities in order to bring clarity to the case. The press officer of Schindler stressed that the company adhered to their own strict code of conduct – which applied also to China.[5]

[1] China.org.cn (2015): 2 Schindler execs face bribery scrutiny, 27 Sep. (accessed 10.10.2015)
[2] Thelocal.ch (2015): Swiss lift firm sample in Chinese corruption,25 Sep

[3] Thelocal.ch (2015): Swiss lift firm sample in Chinese corruption,25 Sep

[4] Swissinfo.ch (2015): Schindler Says Chinese Authorities Question Manager amide sample , 24 Sep.
[5] Swissinfo.ch (2015): Schindler Says Chinese Authorities Question Manager amide sample , 24 Sep.

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