Auditors uncovered US$16.3 billion in public funds misspent by 54,000 government units and state-owned enterprises across the country during the first eight months of the year and reported more than 100 government officials to prosecutors, the South China Morning Post reported, citing local media. The Guangzhou-based 21st Century Business Herald, one of the most popular business newspapers on the mainland, on Saturday quoted an anonymous source from the National Audit Office as saying 38 party and government leaders and 92 officials had been reported to judicial authorities for "bearing direct responsibility" for the misappropriation of more than US$755 million. According to the latest report by the National Audit Office, published last week, no central government ministries or organizations were found to be clean of financial malpractices – ranging from budgetary abuses to spending state funds on staff housing.
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