Carmaker Mover-And-Shaker Has Greased His Last Wheel

Caixin Global | Aug 23, 2019 at 8:18 PM
  • The former chairman of the state-owned Guangzhou Vanlead Group Co. Ltd. was convicted of accepting bribes and sentenced to prison in July.
  • The judgment details how Fu Shoujie, who also held positions at state-backed automobile maker Guangzhou Automobile Group Co. Ltd. (GAC), accepted more than 10.7 million yuan ($1.51 million) in bribes — including expensive watches and a luxury car — in exchange for greasing the wheels of business deals around the country.
  • Fu served as executive vice president, chairman, and director of GAC Honda, director of GAC Mitsubishi, and as executive vice president and chairman of Vanlead Group between 2006 and 2017.