A billion dollars missing from China power budget
Julie DiMauro
June 19, 2014
China’s state auditor said Monday that more than $1 billion was misappropriated in the construction and operation of a major electricity grid system in less than four months last year.
The National Audit Office said its investigation into contracts for a west-to-east transmission line uncovered theft and contract irregularities amounting to $1.1 billion, the Wall Street Journal reported.… Continue Reading