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China Finds $1.5 Billion Held By Corrupt Officials

12/12/09 12:21 AM ET   AP

Anticorruption In China

BEIJING — China has found $1.5 billion in public money held illegally by officials across the country in a crackdown since June, the latest measure of the widespread corruption that has long infuriated its citizens.

The country's anti-corruption chief, He Guoqiang, told a meeting Friday that the crackdown found more than 22,000 cases in which officials held public money for personal use, and that 81 officials from the government and ruling Communist Party have been prosecuted. Hundreds of other officials received administrative punishment.

He said the crackdown should focus on departments directly under the central government, the state-run Xinhua News Agency reported – a sign that the problem exists at high levels.

China cracks down regularly on official corruption, a major source of social unrest. Similar nationwide sweeps from 1998 to 2006 found 140.6 billion yuan ($20.5 billion) illegally held by officials, state media reported last year.

In such cases, officials put aside public money for personal use, which He called "fertile ground" for corruption.

In a recent corruption case, a Beijing court in May handed down a suspended death sentence to the accountant of a local state-owned public sanitation company after she was found guilty of embezzling 36 million yuan.

The accountant, Yu Shaolan, used some of the money to buy three apartments and hid the rest in a bank account, news reports said at the time.

The court said Yu, 50, deserved death for the large amount of money embezzled, but suspended the sentence because the money had been retrieved.

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BEIJING — China has found $1.5 billion in public money held illegally by officials across the country in a crackdown since June, the latest measure of the widespread corruption that has long inf...
BEIJING — China has found $1.5 billion in public money held illegally by officials across the country in a crackdown since June, the latest measure of the widespread corruption that has long inf...
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02:05 AM on 12/14/2009
Now I'm not sayin' that heads should roll as in the French revolution nor in China.
But , we could do with a lot fewer heads.
12:29 AM on 12/14/2009
That's how much the Chinese government has?
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HUFFPOST SUPER USER
vicco
01:42 AM on 12/14/2009
look around your house...they own everything in it including the house one way or the other.And probably you as well,don't kid yourself. We coddle our white collar criminals, they kill them.
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HUFFPOST COMMUNITY MODERATOR
firewmn
~now you're play'n with fire~
10:43 PM on 12/13/2009
the ones who got off with "administrative punishment".. got off lucky...
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HUFFPOST SUPER USER
skantea
A Resource Based Economy
10:56 PM on 12/13/2009
it's all about who you know (or who you're related to).
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Bitsko
He of the smoldering eyes
10:19 PM on 12/13/2009
"Finds" or "Admits"?
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HUFFPOST SUPER USER
skantea
A Resource Based Economy
10:57 PM on 12/13/2009
1.5 billion with an capital "B".
You don't graft that kinda dough over night.
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HUFFPOST SUPER USER
vicco
01:46 AM on 12/14/2009
you must not be familiar with american white collar crime. ever hear of berard maddoff? There's lots more just like him where he came from, a billion is meaningless. The banks just raped you for a trillion and they don't even know where the first 500billion even went.
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HUFFPOST SUPER USER
Chipher
10:09 PM on 12/13/2009
...WASHINGTON DC — America has found $1.5 trillion in public money held illegally by Defense officials across the Potomac in a crackdown since June, the latest measure of the widespread corruption that has long infuriated its citizens.

Ssh! Obama is on prime time right now explaining why we have to prop up Karzai for another 20 years!...
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skantea
A Resource Based Economy
10:59 PM on 12/13/2009
Not 20, indefinitely, we're not leaving til the oil companies decide we can switch to one of the many "alternatives" they hold the patents to.

Hint: not in our life time.
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08:34 PM on 12/13/2009
We barrow China's anti-corruption chief, let him loose on our political leaders and corporations for the last 10 years, see how things go. What ever he finds the gui1ty go to pris0n in Tennessee after they forfeit all money and power.
07:53 PM on 12/13/2009
Oh no! Say it isn't so!

Why is this either surprising or even news? Communist regimes are corrupt. China is a communist country. Corruption is the rule, not the exception. So, what's the news in this story?
06:26 PM on 12/13/2009
1.5 Billion? Chump change. Wall Street will be sending advisers to teach the Chinese how to really steal.
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HUFFPOST SUPER USER
skantea
A Resource Based Economy
11:00 PM on 12/13/2009
vice versa, don't forget, their government doesn't have to answer to any one.
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vicco
01:52 AM on 12/14/2009
neither does the american government, they only answer to the invisible bankers and with the bankers it's all about one thing....and it ain't your well being.
Doesn't matter who's in the oval office, what they want is what they get and when they want it, it happens overnight. if they didn't want the war in the middle east there wouldn't be one, if they want a trillion taxpayer dollars they get it, if they don't want to pay it back so be it.
lightnessandjoy
Is micro-bio a new disease?
01:54 PM on 12/13/2009
AP "President Barrack Obama announced today his appointment of He Guoqiang as the new head of the SEC. Consumer confidence was up 57% on the news."
01:28 PM on 12/13/2009
National Homeownership Month, 2003

June 13, 2003

For Immediate Release
Office of the Press Secretary National Homeownership Month, 2003

By the President of the United States of America
A Proclamation

Homeownership is more than just a symbol of the American Dream...

The Department of Housing and Urban Development is leading an Administration-wide effort to bring new tools and resources to would-be homeowners.

What was the ‘Administration-wide effort' to bring new tools and resources to would-be homeowners…’ after June 13, 2003?

2003-‘Administration-wide effort'?

ONE YEAR LATER......


March 8, 2004

AIG, Citigroup Battle Unions on Political Donation Disclosure
http://www.bloomberg.com/apps/news?pid=10000103&sid=arBbK7iUfgPM&refer=us

Merrill Backs Bush

Bush derives much of his campaign donations from executives at publicly traded companies, with employees at Merrill Lynch & Co., UBS AG and MBNA Corp. among those making up 13 of his top 20 donors last year, contributing $2.9 million.

Six of the top 20 donors to Senator John Kerry, who has clinched the Democratic Party's presidential nomination, were employees of listed companies, and they gave $275,000 since he began campaigning in January 2003, according to the Center for Responsive Politics.


$2.9 million- Bush

$275,000 - Kerry
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Chipher
10:11 PM on 12/13/2009
...Kerry walked with $10Ms in campaign contributions, rather than challenge Bush's re-selection...
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HUFFPOST SUPER USER
macweenie
02:47 AM on 12/14/2009
He rolled over like a dog wanting his belly scratched. Useless.
01:27 PM on 12/13/2009
May handed down a suspended death sentence to the accountant of a local state-owned public sanitation

and americans make fun of CHINA

we should do that to our CEO's and accountants and enrons of thsi dumb country
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HUFFPOST SUPER USER
skantea
A Resource Based Economy
11:02 PM on 12/13/2009
yeah, Chinese media is "more honest".
Wow, it's not like the government controls everything thing in that country or anything.
Sheez.

Tian an men Square People!!
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breakingpoint
War is a Racket - Smedley Butler
12:27 PM on 12/13/2009
If we don't start doing this, there will be no end to the corruption in DC and Wall Street.

Since this Administration and the one before it denounced the Rule of Law and Equal Justice for all we are left with only the harshest tools left to be used, treason

I implore the Chinese government to exploit the mismanagement within the confines of Wall Street and Washington DC. We know you are hacking into the US left and right.

Look China, we gave you Walmart - it built Bejing - you don't really need the US consumer any more, we're only a burden to you now, youstill have your hard line and prosperity is right around the corner for all of China.

You can grow it slow, but also lose control or you can get crackin' and keep your hard line laws in tact.

For the benefit of all peoples in the world expose these crooks for us.
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bascombe
Send the kids off to die, bleed their country dry.
07:34 PM on 12/13/2009
2 late
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johnnygoodwud
10:32 AM on 12/13/2009
blue lite special today in the body part section
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PrincessAnnie
09:34 AM on 12/13/2009
Take a good look at these officials today, because they'll be executed tomorrow.
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cloudmaker
08:31 AM on 12/13/2009
We could learn a lot from China.
08:53 AM on 12/13/2009
Exactly.
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VoteLibertarian
Despite your politics, I like you anyway.
09:19 AM on 12/13/2009
yeah, we could I guess...but you wouldn't be writing in this forum if we lived under their system
10:28 AM on 12/13/2009
Greeting from China, with love!
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bascombe
Send the kids off to die, bleed their country dry.
07:35 PM on 12/13/2009
ez 4 u 2 say