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From: Taro	11/25/2006 3:43:47 PM
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Even the Commies of our days are corrupt Guess a couple of guys will get their final neck shot here. Taro China social security fund loses $900 million in fraud By David Barboza / The New York Times Published: November 24, 2006 iht.com SHANGHAI: China said Friday that a government audit had found that more than $900 million was misappropriated from the nation's $37 billion social security fund, in the latest major government fraud to be uncovered in the past two years. The government did not announce any arrests or even lay blame for the wrongdoing. But it said that most of the money had been siphoned off for foreign investments, building projects and commercial loans. The country's social security fund was created in 2000 to help the government cope with its huge population of aging people. It also was meant to provide a cushion in a country where the gap between the rich and the poor has widened drastically in recent years, despite a extended economic boom. The National Audit Office report was issued as China embarked on one of its most serious crackdowns on government corruption in decades. Message 23041208

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