SABMiller partner in corruption probe

30th April, 2014 by Rupert Millar

The chairman of SABMiller’s joint venture partner in China has been “detained” as the country’s on-going crackdown on corruption continues.

Flag of the People's Republic of ChinaAccording to Business Daily, Song Lin, chairman of China Resources Holding, was arrested last week in connection with a corruption case.

The state-run company is a partner with beer giant SABMiller in CRSnow, the biggest beer group in China and producer of the country’s leading beer brand, “Snow”.

Lin is apparently being investigated after auditors discovered that CRH subsidiary, China Resources Power, had overpaid for three coal mines last year.

SABMiller issued a statement to the effect that the detention of Lin would have “no impact” on its Asian business.

“As things stand, this investigation has nothing to do with SABMiller or our CRSB joint venture,” said the statement.

“We have no reason to believe that the investigation will have any material adverse impact on our operations. The joint venture will continue to be managed and operated in the normal course of business.”

Business Daily pointed out that what SABMiller has potentially lost is a strong link to the Chinese government.

On the other hand, with the Chinese market beginning to slow and companies across the wine, beer and spirit trade feeling the pinch as a result of premier Xi Jinping’s austerity drive, this link is less important than it might previously have been.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Beer Development Specialist

Matthew Clark
London, UK

Fine Wine Sales Administrator

Davy's Wine Merchants
London, UK

Business Development Manager - On Trade

FINE+RARE
Central London, GB

Regional Sales Manager

Swallow Associates Ltd
Home Based: North-West England, UK

London Account Manager Role (Full Time)

LITTLE BIRD GIN
Home based with UK travel. , GB

Sales Operations Manager

Bibendum PLB
London, UK

Digital Marketing Executive (online content & community manager)

Corney & Barrow Limited
London E1W (near Tower Bridge), UK

Store Manager – Premium Drinks

Amathus Drinks PLC
London, UK

On-Trade Regional Sales Manager

Anthony Byrne Fine Wines
London and the South East, UK

Wine Sales – Northwest England

Gerrard Seel
North West England

Senior On-Trade Sales Manager – English Sparkling Wine Company

COREcruitment
London based with national travel, UK

National Account Manager – RTM – On Trade

COREcruitment
Home based with frequent UK travel

The Global Sparkling Masters 2017

Deadline : 14th June 2017

The Global Syrah Masters 2017

Deadline : 14th June 2017

The Global Malbec Masters 2017

Deadline : 14th June 2017

The Global Beer Masters 2017

Deadline : 1st August 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more