Audit uncovers misuse of fundsby state bodies
By Winny Wang |
August 2, 2011, Tuesday
|
Print Edition
Print Edition
GOVERNMENT departments, central state-owned enterprises and state-run projects misused a total of 328 billion yuan (US$51 billion) last year, China's top auditor said in a report yesterday.
Local audit authorities found irregularities valued at that sum and other losses of 42.76 billion yuan during the annual nationwide audit of 157,000 units. The report said that the audit had saved the country 85 billion yuan.
Auditors referred 1,493 cases to inspection authorities and judicial bodies involving 2,103 people and 7.09 billion yuan, the National Audit Office said.
Meanwhile, auditors said they had uncovered clues to wrongdoing in 131 cases that involved large funds and high-ranking officials, mainly in bank lending, insurance claims, investments by SOEs, transferring of land and mining rights and project bidding.
Local auditors carried out economic accountability audits on 36,900 government officials, finding that some of the officials were directly liable for the misuse of 24.9 billion yuan, with 82 officials involved in irregularities referred to inspection authorities and judicial bodies.
The accountability audits include how government officials manage and utilize public funds, national resources, state capital and social funds which fall into their jurisdiction.
Last year, the office audited 13 ministers, six provincial heads, four city mayors, 10 heads of central-administrated state-owned enterprises and 16 senior audit officials.
By the end of last year, 151 provincial heads, ministers and central SOE leaders were audited, with a focus on their personal expenditure and government input in construction projects and land use.
The auditor also went through state-led projects such as high-speed railways and affordable homes, as well as projects involving foreign agencies.
By the end of June last year, it audited 54,000 projects valued at 1.9 trillion yuan in connection with the Shanghai-Beijing high-speed railway and saved 28.3 billion yuan.
The auditor also reviewed books of 102 projects involving overseas institutions such as the World Bank, Asian Development Bank and the United Nations Development Program in China last year, finding out that two-thirds had problems such as misuse of capital, accounting fraud and weak internal control.
The auditor's review of reconstruction projects after the 2008 earthquake in Sichuan Province revealed the misuse of 188 million yuan.
Between June and November last year, the National Audit Office examined the books relating to 1,404 reconstruction projects worth 113 billion yuan after the disaster, uncovering misuse of 188 million yuan.
A total of 36 projects, 16 construction companies and 11 regulatory bodies were found to have violated regulations, and several government officials and people in charge of construction projects were arrested for bribery and violating construction standards, according to the auditor.
Local audit authorities found irregularities valued at that sum and other losses of 42.76 billion yuan during the annual nationwide audit of 157,000 units. The report said that the audit had saved the country 85 billion yuan.
Auditors referred 1,493 cases to inspection authorities and judicial bodies involving 2,103 people and 7.09 billion yuan, the National Audit Office said.
Meanwhile, auditors said they had uncovered clues to wrongdoing in 131 cases that involved large funds and high-ranking officials, mainly in bank lending, insurance claims, investments by SOEs, transferring of land and mining rights and project bidding.
Local auditors carried out economic accountability audits on 36,900 government officials, finding that some of the officials were directly liable for the misuse of 24.9 billion yuan, with 82 officials involved in irregularities referred to inspection authorities and judicial bodies.
The accountability audits include how government officials manage and utilize public funds, national resources, state capital and social funds which fall into their jurisdiction.
Last year, the office audited 13 ministers, six provincial heads, four city mayors, 10 heads of central-administrated state-owned enterprises and 16 senior audit officials.
By the end of last year, 151 provincial heads, ministers and central SOE leaders were audited, with a focus on their personal expenditure and government input in construction projects and land use.
The auditor also went through state-led projects such as high-speed railways and affordable homes, as well as projects involving foreign agencies.
By the end of June last year, it audited 54,000 projects valued at 1.9 trillion yuan in connection with the Shanghai-Beijing high-speed railway and saved 28.3 billion yuan.
The auditor also reviewed books of 102 projects involving overseas institutions such as the World Bank, Asian Development Bank and the United Nations Development Program in China last year, finding out that two-thirds had problems such as misuse of capital, accounting fraud and weak internal control.
The auditor's review of reconstruction projects after the 2008 earthquake in Sichuan Province revealed the misuse of 188 million yuan.
Between June and November last year, the National Audit Office examined the books relating to 1,404 reconstruction projects worth 113 billion yuan after the disaster, uncovering misuse of 188 million yuan.
A total of 36 projects, 16 construction companies and 11 regulatory bodies were found to have violated regulations, and several government officials and people in charge of construction projects were arrested for bribery and violating construction standards, according to the auditor.
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