Saturday, January 31, 2015   

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:
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Mainland education minister demands rejection of Western values (01-30 11:20)
Probe ordered into luxury banquet of police (01-27 18:46)
Mongol hangs himself in China protest: group (01-27 11:49)
Former Hebei party official expelled from CPC (01-26 16:50)
Death penalty upheld for child trafficker (01-26 16:12)
Court hears 'first gay workplace discrimination lawsuit' (01-26 16:10)
Cross-Strait economic talks scheduled for Jan. 29 (01-26 12:37)
China blocks VPN services that skirt online censorship (01-23 14:32)
University student expelled 'over genetic blood disease' (01-23 12:04)

More breaking news >>

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