Home / Top News

Audit finds 25% of lottery funds were used illegally

By Cao Yin and Su Zhou | China Daily | Updated: 2015-06-26 07:44

A quarter of China's lottery funds have been misappropriated, according to the country's first large-scale audit of the industry, which has called for a prompt cleanup.

A total of 16.9 billion yuan ($2.72 billion) in lottery funds were used illegally, the National Audit Office said on Thursday. This represented more than 25 percent of all lottery funds received between 2012 and last year.

A report on the office's website said the audit - carried out in November and December - covered 18 provinces and 228 lottery sale institutions nationwide, as well as 4,956 lottery projects involving public welfare funds.

Audit finds 25% of lottery funds were used illegally

Today's Top News

Editor's picks

Most Viewed

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