Report: Charity branch's accounting 'out of control'
By Xu Junqian | China Daily | Updated: 2011-09-02 07:57
SHANGHAI - Following a spate of scandals concerning charity organizations, the Wenzhou audit bureau has released a report describing the finance-management system of the local branch of the Red Cross Society of China as being "out of control".
The report notes that a cashier in the charity's Wenzhou branch embezzled 1.26 million yuan ($197,000) from 2005 to 2010.
The cashier, whose surname is Chen, is not a full-time employee of the Wenzhou branch of the Red Cross Society. Nor was she certified to be a cashier, said the report, which was released on Tuesday.
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