逆风笑优酷:Embezzlement: Who's Sucking the Blood on the ...

来源:百度文库 编辑:九乡新闻网 时间:2024/04/28 12:28:42

Embezzlement: Who's Sucking the Blood on the Blade?


According to the report by Topics in Focus, government of Santai – a county of Mianyang City, Sichuan Province - has illegally allocated 90 million RMB reconstruction fund to a local government - affiliated enterprise "Hongda". The fund was said “for registration capital increase”. And Hongda has further reallocated 80 million out of the 90 million to its affiliated property developer.


This is a shocking fact – it is already astonishing that 90 million RMB was embezzled, let alone that most of the fund was imbued within once single enterprise – the reconstruction fund is not used in enhancing people’s livelihood in the quake-hit area. Instead, it was used in the encroaching industry property development.



If the firm’s developing the business program in riverline is an action of “sucking the blood on the blade”, isn’t it also true for the local governor who allocated the public funds to the firm ??