Laos state inspection authorities uncover trillions of Laotian kip lost to corruption


VIENTIANE, Oct 23: The State Audit Organisation and the State Inspection Authority of Laos have uncovered massive losses of over Laotian kip (LAK) 1.5 trillion and US$147,387 this year, reports Laotian Times.

The two inspection authorities recently announced they had discovered corruption-related losses totaling trillions of kip this year, by Socio-Economic Newspaper reports.

Inspection authorities were able to recover approximately LAK 32 billion, US$116,896, and 19 plots of land.

The State Inspection Authority said it had investigated 24 suspects, 16 of whom were government employees, finding a total of LAK 208 billion, Baht 331 million, and US$14.3 million in losses.

Some 191 state investment projects worth over LAK 2 trillion were also investigated, with 50 projects unaccounted for, causing LAK 520 billion in losses.

Authorities also seized some 290 tons of illegal timber and arrested 25 people over logging offenses, while the State Audit Organization investigated 2,788 illegally constructed timber processing facilities, with 1,636 of them being shut down.

Laos was perceived to be the third most corrupt country in the Asean bloc in 2020, following Myanmar and Cambodia, however, the country’s ranking has improved by eight points since 2012.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Aseanplus News

Malaysia the only country with long-term anti-corruption plan, says Transparency International
Hong Kong’s punters plunge into car parking bays, sending transactions to records amid rollback of stamp duty
Hong Kong man who stabbed two and bit off former district councillor’s ear found guilty of wounding
Hong Kong elections: are city’s tough Covid-19 quarantine rules ‘more politics than science’? Yes, according to a candidate in coming Legco race
Trading in embattled Chinese developer Kaisa suspended over new default concerns
Hong Kong police arrest five over Lan Kwai Fong brawl sparked by row between partygoer’s current and former girlfriends
Could vaccines beat back Omicron? South African study offers first clues
HNA Group divests aviation unit to strategic investor in business break-up as bankruptcy reorganisation progresses
Tech rally loses steam as Alibaba retreats while Twitter-like Weibo flops on Hong Kong trading debut
Art, history and heritage stops to visit in Malaysia this holiday season

Others Also Read


Vouchers