Corruption causes $1.28-bln loss to state budget

A plot prime land at the corner of Nguyen Du and Chu Manh Trinh streets in HCMC's District that was sold illegally by local officials at prices lower than market prices in 2015. Photo by VnExpress/Nhu Quynh

Nearly 1,300 corruption cases in 2016-2021 had caused a total loss of VND31.8 trillion ($1.28 billion) to the state budget, the parliamentary oversight team said.

In the 2016-2021 period, police had investigated nearly 1,300 cases related to corruption and waste of public funding. The total loss caused to the state budget was determined at around VND31.8 trillion, with the central government losing VND12.3 trillion and local authorities the rest.

Of those cases, around 1,100 had been taken to court, and a total sum of VND26.5 trillion has been revoked for the state budget, an oversight team of the National Assembly (NA) announced at the ongoing session of the 15th NA in Hanoi on Monday.

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