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64 Billion in Lottery Money Missing

64_Billion_in_Lottery_Money_Missing

Last year China’s “nationalized” social welfare and sports lottery total was about 104 billion RMB, but a government report has called the whereabouts of some of this money into question. They only have evidence of 40 billion RMB to be spent on the social welfare project , it is unclear where the remaining 64 billion RMB is. They suspect that many officials have embezzled the lottery money. Netizens have responded by joking that Swiss banks and the Cayman Islands probably know where the money went.

Source: Netease

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