Audits recoup 94b yuan in misused public funds
Source: Xinhua/Shanghai Daily |
June 24, 2010, Thursday
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Print Edition
Print Edition
China recovered more than 94.11 billion yuan (US$13.8 billion) in misappropriated public funds last year, the country's chief auditor said yesterday.
In a statement submitted to the National People's Congress, China's top legislature, National Audit Office chief Liu Jiayi said 790 officials involved had been punished.
Liu said most of the cases involved officials responsible for approving projects, granting loans, selecting tenders, transferring state assets and managing land and mineral resources.
He said investigations were getting harder because people were using more sophisticated methods - including online banking and trading on insider information - to make illegal profits.
The National Audit Office's 2009 report also revealed problems of overspending and false accounting at some of China's biggest construction projects.
It said discrepancies were found in the accounts for a high-speed rail link being built between Shanghai and Beijing.
Similar problems in PetroChina's second cross-country natural gas pipeline, from Xinjiang Uygur Autonomous Region in the northwest to Guangzhou, capital of Guangdong Province in the south, caused potential state losses of 833 million yuan.
Liu said poor preparation led to serious overspending on key state projects, including the Xiangjiaba hydropower plant being built by the Three Gorges Project Corporation on the upper reaches of the Yangtze River.
The report said spending controls were generally lax and environmental and land use standards were ignored, particularly in projects launched as part of a 4-trillion yuan fiscal stimulus package.
The report also identified 5,170 false expense receipts submitted by central government departments in 2009 totalling 142 million yuan.
In addition, about 40 billion yuan intended for relief operations after the devastating 2008 earthquake in Sichuan Province was delayed or misused.
The report blamed a lack of unified management after money flowed into the quake zone.
By the end of last year, almost 5.2 billion yuan from the central government had been delayed, and 30 billion yuan was held up at the local disaster-relief office level.
Another 5.8 billion yuan was diverted for programs other than reconstruction projects, with some of the money even used to repay local government's loans, the report said.
Some local governments obtained extra funds by falsifying their population numbers, resulting in a loss of about 240 million yuan, the report said.
Auditors undertook quality control for 2,649 programs and sped up the progress of 1,692 projects, saving 1.5 billion yuan in spending.
In a statement submitted to the National People's Congress, China's top legislature, National Audit Office chief Liu Jiayi said 790 officials involved had been punished.
Liu said most of the cases involved officials responsible for approving projects, granting loans, selecting tenders, transferring state assets and managing land and mineral resources.
He said investigations were getting harder because people were using more sophisticated methods - including online banking and trading on insider information - to make illegal profits.
The National Audit Office's 2009 report also revealed problems of overspending and false accounting at some of China's biggest construction projects.
It said discrepancies were found in the accounts for a high-speed rail link being built between Shanghai and Beijing.
Similar problems in PetroChina's second cross-country natural gas pipeline, from Xinjiang Uygur Autonomous Region in the northwest to Guangzhou, capital of Guangdong Province in the south, caused potential state losses of 833 million yuan.
Liu said poor preparation led to serious overspending on key state projects, including the Xiangjiaba hydropower plant being built by the Three Gorges Project Corporation on the upper reaches of the Yangtze River.
The report said spending controls were generally lax and environmental and land use standards were ignored, particularly in projects launched as part of a 4-trillion yuan fiscal stimulus package.
The report also identified 5,170 false expense receipts submitted by central government departments in 2009 totalling 142 million yuan.
In addition, about 40 billion yuan intended for relief operations after the devastating 2008 earthquake in Sichuan Province was delayed or misused.
The report blamed a lack of unified management after money flowed into the quake zone.
By the end of last year, almost 5.2 billion yuan from the central government had been delayed, and 30 billion yuan was held up at the local disaster-relief office level.
Another 5.8 billion yuan was diverted for programs other than reconstruction projects, with some of the money even used to repay local government's loans, the report said.
Some local governments obtained extra funds by falsifying their population numbers, resulting in a loss of about 240 million yuan, the report said.
Auditors undertook quality control for 2,649 programs and sped up the progress of 1,692 projects, saving 1.5 billion yuan in spending.
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