Life‑Sentence for Former Kweichow Moutai Chair – The Bribe Chronicles
In a courtroom drama that could rival any legal thriller, Yuan Renguo, the former chief of China’s biggest liquor brand, Kweichow Moutai, has been handed a life sentence. The ruling by the Intermediate People’s Court in Guiyang, the capital of Guizhou province, comes after the conviction for taking bribes worth more than ¥112.9 million (about $24 million) during his tenure from 1994 to 2018.
Key Takeaways
- Bribe Amount – Over 112.9 million yuan in cash and property.
- Timeline – Incidents spanned 24 years of service.
- Location – Sentencing carried out by Guiyang’s court.
- Company Context – Kweichow Moutai holds the top spot in China’s market capitalization.
- Stock Market Impact – Shares dipped more than 20 % in the last quarter amid investor gasps over tightening regulations.
It’s a stark reminder that even the most prestigious corporate halls are not immune to the lure of the green gold. As the world watches, this case serves as a headline lesson in governance and the perils of letting personal pockets outweigh public duties.
