Beijing Says Billions in Funds Are Missing
By ANDREW BROWNE
WSJ
BEIJING -- Auditors discovered that 234.7 billion yuan ($34.3 billion) disappeared from public funds in the first 11 months of this year, state media said Tuesday, in a report that underscores the depth of official corruption in China.
Cases involving 67 senior officials and 164 others were handed over to judicial authorities.
Premier Wen Jiabao has called on state auditors to review public-investment projects to help avoid embezzlement and waste, Xinhua news agency reported.
Official corruption is one of the main causes of social unrest in China, and the country's leaders have publicly warned that it has become so widespread that it now threatens Communist Party rule.
(More here.)
WSJ
BEIJING -- Auditors discovered that 234.7 billion yuan ($34.3 billion) disappeared from public funds in the first 11 months of this year, state media said Tuesday, in a report that underscores the depth of official corruption in China.
Cases involving 67 senior officials and 164 others were handed over to judicial authorities.
Premier Wen Jiabao has called on state auditors to review public-investment projects to help avoid embezzlement and waste, Xinhua news agency reported.
Official corruption is one of the main causes of social unrest in China, and the country's leaders have publicly warned that it has become so widespread that it now threatens Communist Party rule.
(More here.)
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