Almost 150 million USD lost to corruption in Laos

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More than 1.2 trillion Lao kip (149.40 million U.S. dollars) has been misappropriated from 2012 to the present day through corruption, according to state-run daily Vientiane Times. The announcement was made by Head of the Government Inspection Authority Bounthong Chitmany during his report to the National Assembly (NA) on the status of inspection and anti-corruption activities. According to Bounthong, the authority inspected more than 300 targets since 2012. The main forms of corrupt activity were personal abuse of power for personal benefit, bribery, forgery of documents, illegally modifying technical standards and designs, and delaying document approval for personal gain.

Read the story by Xinhua in Shanghai Daily.

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