Xinhua, Beijing :
Chinese authorities have retrieved 730 million yuan (about 111.8 million U.S. dollars) of misused poverty reduction funds in a targeted inspection of how the money was managed.
Nearly 450 people have been investigated and punished for fraudulent claims or misappropriation of funds, according to the Ministry of Finance and the State Council Leading Group Office of Poverty Alleviation and Development.
The two agencies led a targeted inspection on the use and management of poverty relief funds in 28 regions from March to May this year to uncover any irregularities in the government-invested initiative.
Chinese authorities have retrieved 730 million yuan (about 111.8 million U.S. dollars) of misused poverty reduction funds in a targeted inspection of how the money was managed.
Nearly 450 people have been investigated and punished for fraudulent claims or misappropriation of funds, according to the Ministry of Finance and the State Council Leading Group Office of Poverty Alleviation and Development.
The two agencies led a targeted inspection on the use and management of poverty relief funds in 28 regions from March to May this year to uncover any irregularities in the government-invested initiative.
