A O Smith was reported by a former executive?It s foggy!Does Qiu Bu, President of China, understand?

Mondo Technology Updated on 2024-01-28

Dong Wuhe, a practical Xi student of the operator's financial network.

Recently, at a meeting, Ao.Qiu Bu, Senior Vice President of Smiths Group and President of China Company, appeared and delivered a speech.

Since the former president Ding Wei was fired in 2020, Qiu Bu has been an a. for three yearso.The president of Smith China, when he first took office, the company handed over the answer sheet for performance growth in the face of the epidemic, and the momentum was still good. This year, however, the company has encountered some legal problems.

In April of this year, ao.Smith's former CFO Zhu Jun reported to multiple departments with his real name, saying Ao.Smith is suspected of major transfer pricing violations and major tax violations and regulations, which has been accepted and is being inspected by the Inspection Bureau of Nanjing Municipal Taxation Bureau.

At the same time, Zhu Jun and Ao Chen Dong, the former general manager of Smith Environmental Appliances, jointly reported A. to the National Anti-Monopoly Bureauo Smith's implementation of a vertical monopoly agreement, the Jiangsu Provincial Market Supervision Bureau said it is currently investigating.

Subsequently, Smith China also sued several former employees and related entities, including Zhu Jun and Chen Dong, on the grounds of suspicion of stealing secrets and infringement.

At present, more than half a year has passed since the report, and there is no latest development of the incident.

It is worth mentioning that, according to China's law, if the company is finally subject to administrative penalties, Zhu Jun may receive a total reward of up to 1 million yuan, and it is possible that the reward standard will be increased because the whistleblower has worked in the reported company.

Coincidentally, it has long been reported that the company's former executives have reported to the relevant departments that the company's "three subordinate companies recalled about 120,000 units of long-term inventory products from ** merchants for refurbishment, and sold them to consumers with the refurbishment date as the new production date".

Subsequently, the Market Supervision and Administration Bureau of Nanjing Economic and Technological Development Zone stated in the "Whistleblower Reply Letter" that "after verification, ao.Smith (China) Water Heater *** and Ao.Since July 2019, Smith (China) Water System has been replacing the packaging and nameplate of some of the inventory products, and after passing the test, they will be sold on a new production date, which is suspected of violating the "Product Quality Law of the People's Republic of China", and the Bureau has decided to file a case. ”

In addition, three years ago, when the president was re-elected, the company's announcement said that "Ding Wei was fired for violating company standards such as integrity", which seemed to imply that the former president Ding Wei was fired for violating some laws and regulations.

At that time, Qiu Bu had been working in the company for 17 years, and was in charge of the water heater business. Now that he has been the president for three years, I don't know how much he knows about the truth about these legal issues

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