Sunday, August 23, 2009

so that's where the money gone

The central gov't has completed an audit looking into the spending
behaviour of alloted farmer's budget. It has found that 10 province,
district and city level governments have misappropriated over 2.6
billions. Over 58 millions were being used for building own
residential buildings and purchasing of new cars. Not a good thing.
26 suspects have been arrested or being penalized by the Party.
Wonder how much more are there.

Also in the news, the vice judge for the Central Gov't has been
arrested for being involved with a 700 millions corruption originated
from GuangDong. A piece of land was being purchased by his friend at
a very low cost, in less than a year sold it for much higher price.
They pocketed over 700 millions.

Man, these guys don't mess around. When it comes to dollar amount,
they are worse than the Wall Street types.

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