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Auditors discover misused money

By Zhan Lisheng | China Daily | Updated: 2007-02-02 07:04

GUANGZHOU: Auditors in Guangdong have found that 5.38 billion yuan ($689.74 million) worth of public funds were spent illegally last year, an official with the provincial auditing department said.

Of that amount, auditors said 1.09 billion yuan ($139.74 million) had been wasted.

The authorities have ordered the involved officials to recover 950 million yuan ($121.79 million) of the misspent money.

Auditors discover misused money

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