Yuan Renguo, former head of Chinese liquor giant Kweichow Moutai, expelled from Communist Party over ‘family-style corruption’
- Central Commission for Discipline Inspection says he used position for political gain and money, facilitating illegal sales of Mao-tai for unscrupulous dealers
- He is the latest Communist Party figure to fall in Xi Jinping’s sweeping anti-graft campaign
The former head of Chinese liquor firm Kweichow Moutai, the world’s most valuable spirits company, has become the latest Communist Party figure to fall in President Xi Jinping’s sweeping anti-corruption campaign.
Yuan Renguo, 62, was dismissed from public office and expelled from the party on corruption allegations, the Communist Party’s anti-graft agency said on Wednesday.
Yuan “seriously violated Party discipline and national laws and regulations” by using his position in return for political gain and money, according to the Central Commission for Discipline Inspection (CCDI).
An investigation found Yuan engaged in “family-style corruption”, facilitated illegal sales of Mao-tai for unscrupulous dealers, and failed to report related personal affairs.
“The nature [of the matter] is vile and should be seriously dealt with,” said the statement, without specifying the amount of money he allegedly acquired through illegal actions or bribes.
