China Audit Finds $1.9B Embezzlement – Associated Press

From Businessweek:

Auditors have found Chinese officials stole or misused $1.9 billion in pension funds and other government money, a state news agency quoted China’s chief auditor as saying Wednesday.

Cases uncovered in the latest investigations stretched back to before 2000, Auditor General Li Jinhua said in a report to China’s legislature, according to the Xinhua News Agency.

The misused or stolen money included $930 million in pension and social welfare funds, Xinhua cited Li as saying. It gave no details of who was accused of stealing money or whether it was recovered. [Full Text]

Here is a list of the amounts embezzled (from the Auditor General’s report to the legislature, translated by CDT):

State Tobacco Monopoly Administration, Ministry of Education, and 17 other departments: 19 billion yuan

Ninety-two subsidiaries under the National Development and Reform Commission, Ministry of Culture, and 23 other departments: 2.76 billion yuan

Fifty subsidiaries under the China Academy of Science, Ministry of Water Resources, and 11 other departments: 2.28 billion yuan

Five subsidiaries under the General Administration of Civil Aviation, Ministry of Information Industry, and two other departments: 1.74 billion yuan

Office of South-to-North Water Diversion, China Customs, and 31 other departments: 859 million yuan

China Federation of Supply and Marketing Cooperatives, General Administration of Press and Publication, and 13 other departments: 394 million yuan

Sixteen subsidiaries under Ministry of Agriculture, State-owned Assets Supervision and Administration Commission, and 9 other departments: 249 million yuan

Ministry of Health, State Information Center, and 10 other departments: 185 million yuan

See the whole Auditor General’s report to the legislature from Sina.com.cn in Chinese. See also a People’s Daily report on the embezzled social security funds, which includes the case of former Shanghai Party secretary Chen Liangyu.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.