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December 13, 2009

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Crackdown on 'small coffer' funds

CHINA'S anti-corruption chief, He Guoqiang, has urged an intensified crackdown on "small coffers" illegally held by Party and government officials as part of the country's anti-corruption efforts next year.

As of November, a total of 22,884 "small coffers," worth 10.16 billion yuan (US$1.49 billion), had been found since the campaign was launched in early June, said He, secretary of the Central Commission for Discipline Inspection of the Communist Party of China.

A total of 270 officials have been punished so far for illegally holding "small coffers" for personal use, and 81 had been prosecuted. He said the "small coffers" stimulate corruption.


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