RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
9 senior officials at liquor giant face graft charges
Adjust font size:

Nine senior officials at China's biggest liquor maker have been handed over to prosecutors on charges of corruption and bribery, Xinhua news agency reported yesterday.

 

Wang Xiaojin, former chairman of Anhui Gujing Group Co, has been expelled from the National People's Congress, the report said.

 

Illicit money involved in the case ranged from 300,000 yuan (US$40,214) to five million yuan, the report said.

 

Guo Xinmin, deputy manager of the sales department of Gujing Distillery Co, allegedly received more than five million yuan in bribes and Zhu Renwang, former general manager of the department, received a total of two million yuan from more than 30 clients, Bozhou prosecutors said.

 

Vice president Li Yunjie received more than two million yuan, the prosecutors said.

 

Other involved officials are Ruan Kunhua, Gan Shaoyu and Li Wanlin, the prosecutors said.

 

Wang and his wife were taken from their home by the Party's disciplinary personnel in April. Previous reports said that investigation into Wang was launched by the Central Disciplinary Committee of the Communist Party of China Central Committee while it was probing the affairs of Anhui's Shuanglun Group, a state-owned liquor maker about 100 kilometers from Bozhou City, which hosts Gujing Group.

 

Wang's case was also connected to the probe of Wang Huaizhong, the former Anhui provincial vice governor and Wang Zhaoyao, the former vice Party secretary of Anhui Province.

 

Gujing Group, producer of one of China's top-five liquor brands, owns a 62.6 percent stake in the Shenzhen-listed Anhui Gujing Distillery Co.

 

The company's shares dropped 3.49 percent to 19.90 yuan on the Shenzhen market at 2:07 PM today.

 

Gujing saw sales revenue in its liquor segment grow eight percent to 1.2 billion yuan last year, according to the company.

 

It also accounts for about a 15 percent of market share nationwide.

 

(Shanghai Daily November 2, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Keep Gov't Out of Top Brands
- Former Maotai General Manager Under Investigation
- Ministry of Commerce Sued over Liquor Appraisal
- US$12.6 Bln Worth of Spirits Sold Last Year
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号