USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

Charity denies wrong use of funds

chinadaily.com.cn | Updated: 2013-08-20 20:03

The Yantai Charity Federation, Shandong province, denied that it misappropriated donated funds, chinanews.com reported on Tuesday.

According to a statement issued on its official website, the federation said that the funds for a traffic accident victim who was run down by Wang Hongtao, former director of the federation's general office, was not a donation from the federation.

The compensation was 810,000 yuan ($132,300).

Of this, 119,780 yuan came from an insurance company.

The balance was paid by Wang himself.

The accident took place on Oct 16, 2012.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US