China
        

Society

Sinopec's huge spending on liquor exposed

Updated: 2011-04-14 13:20

By Zheng Jinran (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

Copies of invoices exposed online show that 1.68 million yuan ($250,000) had been spent on luxury wines in one week in 2010 by a branch company of Sinopec Group in Guangdong province, and 93.8 percent of netizens surveyed on sina.com.cn believe that the alcohol was for personal use at public expense.

Related readings:
Sinopec's huge spending on liquor exposed 9m yuan for a bottle of Moutai
Sinopec's huge spending on liquor exposed Liquor makers urged to keep prices stable
Sinopec's huge spending on liquor exposed Police crack 2 billion yuan fake liquor racket
Sinopec's huge spending on liquor exposed Kweichou Moutai's dividend plan hits record

A netizen claiming to be an insider posted four copies on tianyaclub.com, a popular BBS, on April 11, saying the author was angry about the large sum spent on luxury wines. The copies show the branch bought 480 bottles of Moutai liquor, known as the national liquor at the time, for a price of 958,320 yuan, on Sept 3, 2010. A week later, it bought another batch, including 12 bottles of Lafite 1996, valued at about 540,000 yuan.

Officials at the branch company in Guangdong sent an announcement in response to this issue, saying, "The company has noticed this post and set up an investigation team. We will announce the results to the public soon and punish anyone involved according to regulations."

But about 89 percent of 7,553 voters online still held a negative opinion, saying that this investigation will go nowhere and nobody would be punished.

Specials

Share your China stories!

Foreign readers are invited to share your China stories.

Art auctions

China accounted for 33% of global fine art sales.

Waiting for drivers' seat

Lack of sponsorship appears to be why Chinese drivers have yet to race in a Formula 1 event

Panic buying of salt
Earthquake Hits Japan
NPC & CPPCC sessions