Billions of kip embezzled in Savannakhet
At least 20 finance officials in Savannakhet province have been found guilty of spending billions of kip of state money on personal affairs, according to a report released this week. The officials allegedly collected more than 5.8 billion kip from state revenue sources but did not hand over the money to the Treasury, choosing to spend it on their personal affairs instead, the Socio-economic newspaper reported on March 29, citing a report presented at a two-day provincial inspection meeting for 2016. Some 5.3 billion kip has been recovered so far while provincial inspection authorities are continuing their investigations and have been tasked to retrieve the remaining money in line with the law.
