The former Hainan Province housing reform office illegal misappropriation of tens of millions of funds were notified

Source: Internet
Author: User
Keywords Treasury financial institution national debt
Xinhua Haikou, June 6 (reporter Denga) former Hainan Province housing System reform Office (now "Hainan Province Housing Provident Fund Management Center") in 1996 to 2007 illegally misappropriation of funds, kangaroo "coffers", resulting in the loss of state-owned assets nearly 20 million yuan.  Recently, the Hainan provincial government office of the major violation of the case was reported. The report said that the audit by the audit, the former Hainan Province housing reform office has faced losses and public funds private deposit problem. 1996, the former housing reform office in Hainan Province, the use of units to purchase 10.048 million yuan of flat money to buy 10 million yuan of the account-type national debt, in order to get the face of high interest income, the national debt lent to Hainan Province trust companies. The 2003 Treasury bonds expired, but because the company's mismanagement has been closed to rectify, unable to pay.  At the end of 2007, when the audit ended, the national debt principal, coupon interest income, accrued interest of 16.0338 million yuan has been facing losses. From March 1997 to February 2002, the former Hainan Province housing reform office to the above national debt to obtain the nominal interest income of 1.0813 million yuan deposited in the Hainan Province Trust fund opened the account, the remaining includes the assessment fee, the contractor bank sponsorship, miscellaneous income, such as a total of 1.65 million yuan to deposit in the original Hainan Province housing reform office.  The above total income of 2.7313 million yuan is not included in the unit financial unified accounting, has constituted a "treasury", and also face the loss of funds.  For the reason of this case, the report said, first, the former Hainan Province housing reform office did not manage the use of housing funds according to the relevant provisions, the second is the weak concept of law and order, and the relevant departments lack of effective supervision and management measures; The third is the original reform office of Hainan province to seek the  In view of the former Hainan Province housing reform office after the purchase of government bonds to take remedial measures, the establishment of the "Treasury" also ceased operation in February 2002, Hainan Province government agreed to give the original Hainan Province housing reform office to inform the criticism. In order to prevent the recurrence of such cases, the Hainan Province requires the Housing Provident Fund, Housing fund management agencies to strictly regulate the management of the purchase of national debt to carry out a comprehensive inspection, according to the relevant provisions of the State to open government debt accounts; not in any way with financial institutions to enter into a trust agreement, not to Entrusting a financial institution to purchase government bonds, should be signed with the financial institutions of the Commission agreement; Whenever a dispute arises as a result of a bond sale or purchase contract, a financial institution is overdue, and a financial institution illegally diverts bonds, the financial institutions should be held responsible and, if necessary, be immediately sued for the preservation of the assets; once it appears, " "The issue of the Treasury" will be the relevant units, the relevant leadership and the main responsible person to seriously deal with.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.