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Audit office says funds misused(China Daily)Updated: 2007-01-27 09:05
The central government allocated 9.6 billion yuan ($1.2billion) in resettlement funds in 2004 and 2005. Five major cases involving misuse of funds have been passed over to judicial and disciplinary departments and some local officials are expected to be punished, but the CNAO did not provide further details. CNAO audited the use of the resettlement funds in 10 counties and districts of Hubei Province and Chongqing Municipality in 2006. Given the auditing process only covered certain regions and does not take into account the use of the resettlement money in 2006, the actual total of misappropriated funds could be even higher. (For more biz stories, please visit Industry Updates) |
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