Chinese authorities have recouped 730 million yuan (US$112.20 million) in misappropriated funds as part of an investigation into the country’s national poverty-reduction scheme, the official Xinhua news agency reported on Saturday.
BEIJING: Chinese authorities have recouped 730 million yuan (US$112.20 million) in misappropriated funds as part of an investigation into the country’s national poverty-reduction scheme, the official Xinhua news agency reported on Saturday.
Nearly 450 people have been charged for offences relating to the misused funds in an inspection of 28 provinces, said Xinhua, citing the Ministry of Finance and the State Council Leading Group Office of Poverty Alleviation and Development.
The report gave no details on how the funds were misused.
China’s government has pledged to wipe out poverty by 2020, targeting 70 million people living below the poverty line, but researchers and social workers say a lasting solution will take much longer.
