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Auditors find $8.3b misused in first 11 months

(Xinhua)
Updated: 2008-12-29 11:13

Related readings:  Chinese auditors find 117 cases of fund embezzlement in 2007  Auditors discover misused money  Auditors take leading role  Auditors uncover misuse of US$3.7 billion

China's auditing agencies have discovered more than 56.9 billion yuan ($8.3 billion) misused in the first 11 months this year, the country's chief auditor Liu Jiayi said Monday.

Auditors across the country initiated investigation in more than 104,000 enterprises and agencies in the period, Liu said at a national year-end auditing conference here.

As a result, about 837 cases and clues have been handed over to judicial or discipline departments, he added.