Category: Rule of Law

Auditors uncover tide of misconduct

(December 17, 1999) Company funds spent on securities speculation, flood control money squandered on building a new hotel, billions stolen to set up a company and bogus stock listings are among the misdeeds uncovered by government auditors this year.


PRESS RELEASE State council to confiscate water ministry’s luxury hotel complex

(July 6, 1999) As millions of Chinese brace themselves for this year’s flood season, state auditors have discovered that the Ministry of Water Resources, the agency responsible for the country’s flood defense system, has diverted millions of dollars into real estate and the stock market.