{"id":4316,"date":"2023-10-22T16:52:11","date_gmt":"2023-10-22T16:52:11","guid":{"rendered":"https:\/\/infundpros.com\/business\/executive-at-wpp-owned-agency-detained-over-bribery-claims\/"},"modified":"2023-10-22T16:52:11","modified_gmt":"2023-10-22T16:52:11","slug":"executive-at-wpp-owned-agency-detained-over-bribery-claims","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=4316","title":{"rendered":"Executive at WPP-owned agency detained over bribery claims"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=e8f56fe1-7cf3-401a-a6e7-2c9982f0776b\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>A senior executive at WPP-owned media agency GroupM and two former employees have been detained by Chinese authorities over alleged bribery.<\/p>\n<p>Shanghai Public Security Bureau\u2019s Economic Crime Investigation Department had \u201ccracked\u201d a commercial bribery case involving an advertising company, officials said in a statement late on Saturday.<\/p>\n<p>The statement did not name the company but said that a senior executive and two others had been detained. The two others are former employees of GroupM, according to a person familiar with the matter. <\/p>\n<p>The Financial Times\u00a0reported\u00a0on Friday that Chinese police had raided GroupM\u2019s Shanghai offices, detaining one senior executive and questioning several more. <\/p>\n<p>The detained trio \u201ctook advantage of their positions to accept huge bribes\u201d between 2019 and February this year while working at the company, police said in the statement. The investigation was continuing, it added.<\/p>\n<p>WPP declined to comment on Sunday.<\/p>\n<p>GroupM, WPP\u2019s wholly-owned media buying and planning agency, is one of the biggest in its field with 42,000 employees globally. The unit charged $60bn to clients last year, roughly one-third of WPP\u2019s total \u00a314bn in annual revenues. China is a key market for the group, with advertising revenue expected to increase nearly 8 per cent to $150.6bn this year.<\/p>\n<p>China is the second-largest\u00a0advertising market after the US with more than $223bn forecast to be spent on ads this year, according to Daxue Consulting, a China-focused market research group.<\/p>\n<p>Industry insiders say China\u2019s advertising sector is rife with corruption. Last month, the US Securities and Exchange Commission reached a settlement with Clear Channel Outdoor for $26mn for violations of the Foreign Corrupt Practices Act after its local subsidiary was found to have bribed Chinese government officials to obtain advertising contracts. \u00a0<\/p>\n<p>The detentions involving GroupM in Shanghai highlight how China\u2019s anti-corruption investigators are increasingly targeting the private sector.<\/p>\n<p>Over the past 10 years, corruption crackdowns in China have become a feature of the leadership of Xi Jinping, snaring thousands of high-ranking Communist party officials. <\/p>\n<p>However, in recent years sectors from property and finance to healthcare and tobacco have landed in investigators\u2019 crosshairs, often leading to the arrest of not only corrupt officials and party members, but also members of the\u00a0country\u2019s entrepreneur class.\u00a0<\/p>\n<p>The probe comes amid rising fears\u00a0over personal security among foreign-linked business people\u00a0in China after Beijing\u00a0cracked down\u00a0on the operations of foreign consultancies and due diligence groups. <\/p>\n<p>The business community in China has been rocked by a spate of probes in recent months, including into international consultancy Bain &amp; Company, as well as due diligence group Mintz and China-focused consultancy Capvision.<\/p>\n<p>That is despite concurrent efforts by Xi\u2019s administration to encourage foreign investment in China as it contends with one of the country\u2019s bleakest growth outlooks in decades. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/e8f56fe1-7cf3-401a-a6e7-2c9982f0776b\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-4316","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Executive at WPP-owned agency detained over bribery claims | inFundPros<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior executive at WPP-owned\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=4316\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Executive at WPP-owned agency detained over bribery claims | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior executive at WPP-owned\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=4316\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-22T16:52:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-wall.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=4316#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=4316\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Executive at WPP-owned agency detained over bribery claims\",\"datePublished\":\"2023-10-22T16:52:11+00:00\",\"dateModified\":\"2023-10-22T16:52:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=4316\"},\"wordCount\":495,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=4316#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=4316\",\"url\":\"https:\/\/infundpros.com\/?p=4316\",\"name\":\"Executive at WPP-owned agency detained over bribery claims | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-10-22T16:52:11+00:00\",\"dateModified\":\"2023-10-22T16:52:11+00:00\",\"description\":\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior executive at WPP-owned\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=4316#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=4316\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=4316#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Executive at WPP-owned agency detained over bribery claims\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Executive at WPP-owned agency detained over bribery claims | inFundPros","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior executive at WPP-owned","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=4316","og_locale":"en_US","og_type":"article","og_title":"Executive at WPP-owned agency detained over bribery claims | inFundPros","og_description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior executive at WPP-owned","og_url":"https:\/\/infundpros.com\/?p=4316","og_site_name":"inFundPros","article_published_time":"2023-10-22T16:52:11+00:00","og_image":[{"width":1920,"height":1200,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-wall.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=4316#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=4316"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Executive at WPP-owned agency detained over bribery claims","datePublished":"2023-10-22T16:52:11+00:00","dateModified":"2023-10-22T16:52:11+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=4316"},"wordCount":495,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=4316#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=4316","url":"https:\/\/infundpros.com\/?p=4316","name":"Executive at WPP-owned agency detained over bribery claims | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-10-22T16:52:11+00:00","dateModified":"2023-10-22T16:52:11+00:00","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior executive at WPP-owned","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=4316#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=4316"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=4316#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Executive at WPP-owned agency detained over bribery claims"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/4316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4316"}],"version-history":[{"count":0,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/4316\/revisions"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}