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US News China: The former king of life in lifetime for lifetime for pots-de-wine

08:55  24 september  2021
08:55  24 september  2021 Source:   bfmtv.com

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China sentenced the former chairman of liquor giant Kweichow Moutai Co. to life in prison for taking bribes of 112.9 million yuan (.5 million). Yuan Renguo, who was arrested in 2019, was found guilty of taking the bribes between 1994 and 2018, according to a statement late Thursday from a court in the southwest province of Guizhou, where Moutai is based. He accepted the payments to help distributors secure work with the distiller and increase allocations of the company’s prized liquor bottles, the court said.

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Visiteurs de la foire alimentaire de Chengdu se prenant en photo devant le stand Moutai le 4 avril 2021 © Jessica Yang Visitors of the Chengdu Food Fair taking pictures in front of the stand Moutai on April 4th 2021

The ex-boss of the Kweichow Mustai Chinese group, the world's number one spirits in terms of valuation, has been sentenced to life imprisonment for accepting € 15 million of bribes, according to a court.

The company is known in China to produce Moutai (or "maotai"), a white alcohol-type water ("baijiu"), obtained by distillation of sorghum and which is part of the most famous and the most Dear from the country.

The former president of the group, Yuan Renguo, 64, accepted money and property for a total of 112.9 million yuan (14.88 million euros) between 1994 and 2018, a court of The city of Guiyang (South of China), in the province of Guizhou where the group is based.

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Already excluded from the Chinese Communist Party (CPC) in 2019, year of his arrest, he was also deprived of his political rights and his property were confiscated.

"The Accused Yuan Renguo is sentenced to life prison for accepting bribes," said the court in a statement.

The former boss was judged at the end of 2019 during a trial where he had recognized his guilt and reposed, had indicated the official media.

Yuan Renguo is the last figure of the business business to fall within the framework of the anti-corruption campaign launched by Chinese President Xi Jinping upon his arrival at the head of the CPC at the end of 2012.

Baijiu is the category of alcohol the More consumed in the world, especially because of the immense population of China (1.4 billion inhabitants), its main market.

It is practically always offered during banquets, wedding meals and business dinners.

The Xi Jinping Anti-Corruption Campaign has greatly slowed Moutai's sales because these high-end bottles were often offered as a gift to leaders to attract their favors or even corrupt them.

PRW-EHL / Bar / MAV

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This is interesting!