Army to close treasury loopholes
The People’s Liberation Army has issued a regulation to correct financial irregularities and close all loopholes in its treasury.
The 69 irregularities targeted by the regulation include adjustments made to budgets without proper approvals, appropriation or embezzlement of designated funds, irregular granting of subsidies or allowances, as well as excessive spending on receptions and entertainment.
The PLA said the goal of the campaign was to make sure military funding is spent to improve combat capability rather than other purposes.
The PLA’s seven regional military commands were inspected before June, and a host of problems were uncovered, including falsification of evidence and concealment of facts.
The PLA has had a number of successes in its anti-corruption movement over the past two years. The former vice-chairman of the Central Military Commission, and 36 other high-ranking officers have been convicted, accused or placed under investigation. In addition, more than 200 officers with the rank of lieutenant colonel or above were punished in 2013 and 2014 for misconduct exposed by the military auditors.