China Recovered Billions of Stolen Public Funds in 2015
Ryan General | | Dec 31, 2015 09:28 AM EST |
(Photo : gettyimages) From this, 321 officials were handed over to judiciary bodies and disciplinary departments and a total of 243 officials that were involved in the cases were punished. The office found cases of public funds misuse totaling more than 250 billion yuan ($38.52 billion).
The Chinese government has recovered more than 380 billion yuan ($58.6 billion) of stolen public money in just the first 11 months of 2015. The effort is aligned with the government's initiative to wipe out corruption in public spending.
According to state media, President Xi Jinping has told party officials to closely watch their families amid reports that his relatives and those of other elite politicians have amassed massive wealth.
Like Us on Facebook
According to Lui Jiavi, Auditor General of the National Audit Office, 100,000 officials across the country and more than 3,600 cases of violations of Party rules and national laws were turned over to judiciary departments.
From this, 321 officials were handed over to judiciary bodies and disciplinary departments and a total of 243 officials that were involved in the cases were punished. The office found cases of public funds misuse totaling more than 250 billion yuan ($38.52 billion).
Liu stated that the auditors will be specifically looking into public authorities with greater political power, especially those with access to the public funds and organizations that have high resources.
The three most common forms of corruption in the Government include using the people's money on tours abroad in the name of officials visits, using public funds for luxurious parties and using public funds for personal trips.
After authorities stepped up auditing efforts over the past few years, public spending on overseas trips, vehicles and other official expenses has dropped this year to 6.3 billion yuan.
The National Audit Office has promised to continue checking imbalances of expenses and receipts as well as dishonest accounting relating to public consumption, and monitor the entire procedure of spending public funds.
TagsPublic funds, Chinese corrupt officials, National Audit Office, China Corruption Campaign
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?