Chinese Officials Misused Billions (again)
(AFP): "CHINESE Government departments embezzled, misused or mismanaged billions of dollars last year, the nation's auditor said in an annual report that often leads to a slew of graft charges. The tax office, the education and commerce ministries,
- and the department responsible for censoring China's television programs
- Another 41.7 billion yuan ($7 billion) had been mismanaged, according to the report that was published on the audit office's website and carried prominently in the state-run press today.
- Agricultural Bank of China, showed 14.2 billion yuan had been used illegally, the China Daily
- China's state auditor is required by law to audit the Government's central budget, which includes the transfer of payments to the regions, official investments and use of social security funds.
- The Government regularly announces major crackdowns on graft in official ranks, such as the audit office report, in an effort to show the population that efforts are being made to extinguish corruption.
- (This will not stop MLB from its insane pursuit of a forgettable slice of human culture).
- Fewer Yankee hats will be sold this year and for years to come.... sm
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