Former head of China’s largest alcoholic beverage company receives life sentence for bribes worth $ 17.5 million


Yesterday, September 23, a court in the Chinese province of Guizhou sentenced the former chairman of the board of the Chinese company Kweichow Moutai Yuan Renguo to life in prison for bribes totaling 113 million yuan ($ 17.5 million). Kweichow Moutai is the largest spirits producer in the country. Yuan Renguo headed its board of directors from 2000 to 2018, in 2019 he was expelled from the party, arrested and found guilty of accepting bribes, “gifts” and kickbacks from distributors between 1994 and 2018. to a series of lawsuits against other top managers of Kweichow Moutai, whose products are very popular among the representatives of the Chinese elite. For example, the Chinese premium vodka maotai was Mao Zedong’s favorite alcoholic drink and at one time was an obligatory attribute at the country’s official banquets. Since the early 2000s, the Kweichow Moutai company has been trying to expand its audience and geographic….

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