2.842 Billion Yuan of Central-owned Enterprise Losses Impossible to Retrive

By Security Times
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Published: 2009-12-31

According to the National Ausit Office, due to a variety of causes including poor decision making, improper management and unlawful conduct, a total of 6.372 billion yuan has been wasted by central-owned enterprises over the past year. Of this figure, 2.842 billion yuan can no longer be recouped.


Source
Security Times

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