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$660m fund misused or embezzled

By Zhu Zhe | China Daily | Updated: 2008-08-28 07:28

Central government departments and their subordinate units misused or embezzled about 4.52 billion yuan ($661.09 million) last year, for which 14 officials have been detained, the country's top auditor said yesterday.

A total of 88 people have been arrested, prosecuted or sentenced, and 104 people handed administrative punishments for the violations in 2007, Auditor-General Liu Jiayi said in his annual report to the national legislature.

More than 41.7 billion yuan ($6.09 billion) of central funds were mismanaged, too, the National Audit Office (NAO) said.

$660m fund misused or embezzled

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