Monthly Archives: June 2015

Media: Billions of lottery funds misused

BEIJING: Nearly US$3bil generated from China’s state lotteries – a quarter of the funds they raised in recent years – have been “misappropriated” through embezzlement and other abuses such as buying cars, state-run media said. A total of 16.9 billion yuan raised by lotteries was used illegally, the government-published China Daily said yesterday, citing official auditors.