THE most aggressive “anti- corruption” campaign in China in recent years has scored three high-profile casualties at SABMiller’s joint venture partner in that country.Until he was detained last week, Song Lin was chairman of state-owned China Resources Holding, whose listed conglomerate China Resources Enterprise (CRE) has joint control with SABMiller of CRSnow, which is the largest beer group in China.Song’s detention was followed in a few days by that of the chief executive of China Resources Capital and of an executive director of China Resources Land. A fourth executive, the chairman of China Resources Pharmaceuticals, is reported to be in the US with his family.So far, CRE has not been directly affected by the campaign, but a source quoted in Hong Kong’s South China Morning Post remarked that the China Resources investigation had been widened.A spokesman for SABMiller said the group would not comment, and referred to a statement issued by CRE that the investigation of Song woul...
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