Ex-head of Chinese liquor giant Moutai jailed for life

The former head of Chinese liquor firm Kweichow Moutai, the world's most valuable spirits company, has been jailed for life for taking more than $17 million in bribes. Yuan Renguo, 64, was found guilty of accepting cash and properties worth more than 112.9 million yuan ($17.5 million) while working at Kweichow Moutai between 1994 and 2018, according to a court statement on Thursday.

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