Thursday, October 2, 2014   

US $5 bn-plus irregularities at China fund, banks
(06-19 19:07)

Irregularities amounting to more than US$5 billion have been found at China's sovereign wealth fund and two large state-owned banks, according to the state auditor, offering a glimpse into the opaque management of government-controlled firms.
China Investment Corporation (CIC), Bank of China and Agricultural Development Bank of China violated regulations in areas including asset selling, loan issuance and fraudulent invoicing, according to the National Audit Office (NAO).--AFP
   
Other China breaking news:
CPC to hold key session in late October (09-30 18:13)
China celebrates new holiday of Martyr's Day (09-30 11:54)
Xi publishes book on governance (09-29 16:04)
China hails free trade zone on one-year anniversary (09-29 11:58)
Stampede kills 6 primary schoolchildren in Kunming (09-26 18:00)
Two officials indicted for bribery (09-26 17:53)
Man stabs four school kids to death in Guangxi (09-26 11:24)
Media release details in Uighur scholar case (09-25 17:59)
Uighur scholar jailed over lecture: Xinhua (09-25 12:58)
Former political advisor removed from NPC (09-25 11:11)

More breaking news >>

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