Investment Fraud China

In an effort to stop local officials from spending education funds on get-rich-quick schemes and perks such as staff automobiles, the Chinese central government this week ordered local authorities to pay thousands of community school teachers who have had their salaries withheld or delayed during the last year. In some cases, reported the People's Daily newspaper in its Wednesday editions, provincial bureaucrats have been told that their own salaries will be withheld until the teachers are paid.

In an effort to stop local officials from spending education funds on get-rich-quick schemes and perks such as staff automobiles, the Chinese central government this week ordered local authorities to pay thousands of community school teachers who have had their salaries withheld or delayed during the last year. In some cases, reported the People's Daily newspaper in its Wednesday editions, provincial bureaucrats have been told that their own salaries will be withheld until the teachers are paid.