‘Small coffers’ at China Telecom paid for feasts and prostitutes
China’s third-largest mobile carrier China Telecom Corp Ltd punished 31 executives found to have engaged in extravagant banquets and prostitution.
The mobile carrier said in a statement that executives at its Beijing branch squandered 79,500 yuan ($12,822) of public funds on lavish banquets and entertainment in a restaurant in Hebei province.… Continue Reading