The latest graft scandal to hit China’s leading liquor-maker has seen a distribution manager at Kweichow Moutai Co. Ltd. sentenced to seven years in prison for pocketing more than 10 million yuan in bribes.
Li Maogang’s graft involved handing out coveted franchise rights and allocating distributors greater quantities of the company’s pricey “baijiu” spirit, according to a ruling (link in Chinese) from a court in the company’s southwestern home province of Guizhou.
This comes after a string of embezzlement and corruption cases involving senior managers at the liquor giant. In May 2019, the company’s former chairman, Yuan Renguo was removed from his public posts and the Communist Party after he was found to have traded dealer licenses for political gain, money and sex. The liquor maker’s parent is the state-owned Kweichow Moutai Group.
The original full article can be found at caixinglobal.com