China watchdog bans officials from close ties with liquor giant Moutai


  • World
  • Thursday, 17 Jan 2019

FILE PHOTO - A bottle of Moutai Liquor is seen on display in a showroom at Moutai Liquor Culture center in Renhuai, Guizhou province, China June 3, 2017. Picture taken June 3, 2017. REUTERS/Stringer

BEIJING (Reuters) - The anti-graft watchdog in China's southwestern Guizhou province on Thursday banned officials and their family members from taking part in operations or using their position to influence sales for liquor giant Kweichow Moutai Co Ltd.

Guizhou-based Moutai is the world's largest alcohol firm by market cap, valued at around $110 billion (£85.32 billion), and sells the pungent liquor baijiu for more than $200 per 500 ml bottle.

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