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Auditors retrieve $3.9b misused funds

(Xinhua)
Updated: 2009-04-18 10:02

More than 26.7 billion yuan ($3.9 billion) of funds embezzled in 2007 was retrieved by October last year, the National Audit Office (NAO) said on Friday.

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Thirty people have been arrested, charged or sentenced for misusing funds, and 117 have received Party and administrative disciplinary punishment, it said.

The State Council, or China's cabinet, conducted a national rectification drive targeting all problematic departments after the NAO said 29.4 billion yuan had been misused by 53 ministerial-level central government departments, and 17 billion misappropriated by their subordinates, in 2007.