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主题: 两中银职员疑卷逃两亿元 --转
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所跟贴 两中银职员疑卷逃两亿元 --转 -- 老刀 - (1428 Byte) 2005-1-25 周二, 12:28 (857 reads)
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文章标题: ZT: China uncovers massive malpractice at asset management groups (375 reads)      时间: 2005-1-25 周二, 13:08   

作者:不拉不拉海归商务 发贴, 来自【海归网】 http://www.haiguinet.com

BEIJING : China's auditors have found more than 810 million dollars worth of malpractice at four state asset management groups charged with handling state-run banks' bad debts.

Auditors discovered that the four companies bought non-performing loans that had little chance of being repaid, to help disguise illegal operations, Xinhua news agency cited the National Audit Office saying.

The companies also used back door dealings to clear bad assets, the report cited Auditor-General Li Jinhua telling a recent national meeting of government auditors.

Some companies committed fraud by reporting fake financial figures and misusing funds for employees' salaries and subsidies, he said.

Earlier this week, the government announced plans to investigate nearly 8.5 billion dollars worth of irregularities by the asset management companies.

More than 70 billion yuan (8.4 billion dollars) in debt has been found to be suspect, the China Business News reported Thursday, citing unnamed officials at the China Banking Regulatory Commission (CBRC).

Among the problems discovered by auditors were falsified account books, improper handling in the valuation of depreciating state-owned assets and the misuse of funds recovered from the sale of non-performing assets, the newspaper said.

The People's Bank of China, the National Audit Office and CBRC will jointly investigate 38 cases, it said.

China Huarong Asset Management Corp, China Cinda Asset Management Corp, China Orient Asset Management Corp and China Great Wall Assets Management Corp were set up in 1999 to dispose of 1.4 trillion yuan worth of non-performing loans (NPLs) at the big four state-owned commercial banks.

Some experts estimate that China's fragile banking sector is ridden with as much as 500 billion dollars in debt.

By the end of last year, authorities in concert with the asset companies had disposed of 675.06 billion yuan worth of bad loans, according to the CBRC.


作者:不拉不拉海归商务 发贴, 来自【海归网】 http://www.haiguinet.com









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