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BYD seeks police probe of alleged employee impersonator
Bloomberg | 2018/7/17

BYD Co. asked the police to investigate a person who allegedly posed as an employee and signed unauthorized marketing contracts in the company's name.

China's biggest maker of new-energy vehicles said the person's actions have damaged its reputation and harmed related parties. The person isn't an employee or never has been, and BYD has never authorized the person to conduct business in its name, the Shenzhen-based company said in a statement to the Hong Kong stock exchange Monday.

The carmaker also said it reported to the police a forged company seal, which may have been used to stamp contracts that the person awarded. The person conducted marketing activities in BYD's name over the past three years, The Paper reported on July 15. A representative for BYD declined to comment on the report and referred to its statement to the stock exchange.

BYD and other makers of electric cars have been accelerating marketing efforts to help attract consumers in the world's biggest market for such vehicles. BYD signed up Leonardo DiCaprio to represent the company's new-energy vehicles in 2016 and became the official global car and bus partner to English soccer club Arsenal in April.

BYD informed Arsenal that it believes it is the victim of a fraud related to various advertising agreements, including the carmaker's partnership with the soccer club, Arsenal said on July 13. The club said it is investigating the situation while talking to senior management of BYD.

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