Picnic06-Biante15 Supersonic October 23, 2013 Share October 23, 2013 (edited) I would love to work as a Protocol Officer for this company ...... Yahoo news: China rail employees punished after spending $137m on receptions Eight employees of China's largest railway building firm have been punished for spending more than $137 million on receptions, state media reported Tuesday, the latest move in the leadership's much-publicised anti-corruption drive. The state-run Global Times newspaper did not give details of the punishment but said another 57 employees of the state-owned China Railway Construction Corporation have been reprimanded, and one faces prosecution. According to the company's March 2012 annual report, CRCC spent 837 million yuan ($137 million) on receptions in one year -- equivalent to about 10 percent of its 2012 profits. The report comes amid public anger at official misconduct and a campaign by Chinese President Xi Jinping, who took office earlier this year pledging to tackle corruption at all levels of government. Last week the mayor of Nanjing, an eastern city with a population of about eight million, was removed from his post over graft allegations. Ji Jianye had been in the post since January 2010 and was fired for "suspected serious disciplinary violations", according to state-run news agency Xinhua. Former China railways minister Liu Zhijun, who held the position for eight years and was considered the "father" of the country's vastly expanded rail network, was sacked in 2011 and given a suspended death sentence this July for accepting a total of 64.6 million yuan in bribes to help 11 people secure contracts and promotions. The Global Times said 41 provincial-level officials had been summoned to Beijing earlier this month for a week-long class on transparent governance. Wahhhhhhhhh...... 1 year got 52 Saturdays and each Sat spend $1million & still got balance of $85million for other things. Like that every Saturday several officers can sleep with film stars ... Edited October 23, 2013 by Picnic06 ↡ Advertisement Link to post Share on other sites More sharing options...
Jman888 Moderator October 23, 2013 Share October 23, 2013 ours was just few thousands boxes of pineapple tart !! Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 23, 2013 Author Share October 23, 2013 ours was just few thousands boxes of pineapple tart !! [laugh] Ya hor......... soooooooooooooooooo.... wide the gap. Link to post Share on other sites More sharing options...
SGCMmaomao 6th Gear October 23, 2013 Share October 23, 2013 tat pineapple tart thingy really damn stupid.. for this amount of $$, he lose everything... so not worth it.. Link to post Share on other sites More sharing options...
Hansumgoku 2nd Gear October 23, 2013 Share October 23, 2013 wow this chinese corruption is endemic man. jialat jialat. Link to post Share on other sites More sharing options...
TVT Supercharged October 23, 2013 Share October 23, 2013 I wonder what kind of "receptions" can spend up to $137 million!!! Link to post Share on other sites More sharing options...
Tianake 2nd Gear October 23, 2013 Share October 23, 2013 I wonder what kind of "receptions" can spend up to $137 million!!! those type with lot and lot of XMM. Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 23, 2013 Author Share October 23, 2013 those type with lot and lot of XMM. within inside the xmm, some could be film stars .... Link to post Share on other sites More sharing options...
Tianake 2nd Gear October 23, 2013 Share October 23, 2013 within inside the xmm, some could be film stars .... maybe all the XMM wear like her 1 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 23, 2013 Author Share October 23, 2013 maybe all the XMM wear like her If they entertain me with this, I sure won't reject .... Link to post Share on other sites More sharing options...
JackRabbit 3rd Gear October 23, 2013 Share October 23, 2013 i can't imagine spending that much money! $137 million! It's staggering. And I guess that's just what they have been able to identufy so far. Real amount could be waaaay more than that! Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 23, 2013 Author Share October 23, 2013 i can't imagine spending that much money! $137 million! It's staggering. And I guess that's just what they have been able to identufy so far. Real amount could be waaaay more than that! Maybe these amount of spending comes with receipts..... No receipts one.... Link to post Share on other sites More sharing options...
JackRabbit 3rd Gear October 23, 2013 Share October 23, 2013 How do they have access to that kind of money in the 1st place, I wonder. Surely there must some controls in place to get approvals to spend money in any organisation. Eg. in most org, if need to spend >$500 must have dept head approval, and then up the chain - where more than $20k need CEO approval, and more than $50K must get board approval, etc. Link to post Share on other sites More sharing options...
Tianake 2nd Gear October 23, 2013 Share October 23, 2013 (edited) How do they have access to that kind of money in the 1st place, I wonder. Surely there must some controls in place to get approvals to spend money in any organisation. Eg. in most org, if need to spend >$500 must have dept head approval, and then up the chain - where more than $20k need CEO approval, and more than $50K must get board approval, etc. Eight employees of China's largest railway building firm have been punished for spending more than $137 million on receptions, state media reported Tuesday, the latest move in the leadership's much-publicised anti-corruption drive. The state-run Global Times newspaper did not give details of the punishment but said another 57 employees of the state-owned China Railway Construction Corporation have been reprimanded, and one faces prosecution. this mean the whole group (8 plus 57) from the top to the bottom all involved la. that one who face prosecution must be the top one who approved all the expense. Edited October 23, 2013 by Tianake Link to post Share on other sites More sharing options...
Knoobie Supercharged October 23, 2013 Share October 23, 2013 Pinky Lee must be thinking, "good example! high pay = no low corruption!" ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
WISHING ALL MEMBERS A HAPPY CHINESE LUNAR NEW YEAR 2024
WISHING ALL MEMBERS A HAPPY CHINESE LUNAR NEW YEAR 2024
Singapore's population hits 5.18 million as at end-June
Singapore's population hits 5.18 million as at end-June
India landed on the Moon for less than it cost to make Interstellar
India landed on the Moon for less than it cost to make Interstellar
SAFRA Clubs : Benefits NSF or Another Entertainment HUB?
SAFRA Clubs : Benefits NSF or Another Entertainment HUB?
17 year old steal bus and took the bus for a 155km joyride
17 year old steal bus and took the bus for a 155km joyride
US action star Bruce Willis diagnosed with dementia
US action star Bruce Willis diagnosed with dementia
Happy Chinese New Year 2023!
Happy Chinese New Year 2023!
Wireless Portable Speaker For Home Entertainment System
Wireless Portable Speaker For Home Entertainment System