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Tuesday, December 27, 2005

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Chinese auditors uncover $35b illegall expense
12/27/2005
 

          BEIJING, Dec 26 (AFP): Chinese auditors have uncovered 290 billion yuan (35 billion dollars) of funds illegally spent by government offices in the first 11 months of this year, state media said Monday.
The improper spending was found during an annual audit of 22,000 officials across the country by the National Audit Office, Xinhua news agency quoted sources saying.
Details of the wrongdoings were not given, but previous reports about misspending involved officials using public funds to build apartments for employees or to give themselves bonuses.
About 196 of the officials who violated laws and regulations were disciplined by their supervisors or prosecuted in court, the report said, which cited sources with a national audit conference that opened in Beijing Monday.

 

 
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