Laos uncovers widespread state corruption, records billions in losses over five years, says financial officer

Khamphanh Phommathat, President of the State Inspection Authority (SIA), presented the findings during the 10th Ordinary Session of the 9th Legislature on Friday (Nov 14). -- Photo: Laotian Times

VIENTIANE (Laotian Times): Laos has uncovered widespread corruption cases nationwide over the past five years, identifying 334 individuals implicated in financial misconduct between 2021 and 2025, with total losses exceeding LAK 642.93 billion (nearly US$0 million), alongside significant losses in multiple foreign currencies. 

Khamphanh Phommathat, President of the State Inspection Authority (SIA), presented the findings during the 10th Ordinary Session of the 9th Legislature on Friday (Nov 14).