Cisco Investigating Former Staff in China for Taking Part in ‘Self-Enrichment’ Scheme

Cisco Investigating Former Staff in China for Taking Part in ‘Self-Enrichment’ Scheme
The Cisco Systems logo is displayed at the Mobile World Congress (MWC) in Barcelona, Spain on Feb. 25, 2019. Gabriel Bouys/AFP via Getty Images
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U.S. tech giant Cisco Systems is investigating its former employees in China for allegedly taking part in a “self-enrichment” scheme, the firm wrote in a recent filing to the SEC (Securities and Exchange Commission).

“Some of those employees are also alleged to have made or directed payments from the funds they received to various third parties, including employees of state-owned enterprises,” the filing stated.

Nicole Hao
Nicole Hao
Author
Nicole Hao is a Washington-based reporter focused on China-related topics. Before joining the Epoch Media Group in July 2009, she worked as a global product manager for a railway business in Paris, France.
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