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Children's charity accused of embezzling funds (2)

(Xinhua)

09:42, December 25, 2012

The CCAFC responded by saying that the transfer was in line with the donors' intention, which was for the money to reach both "Hope for Home" and the Jackie Chan charity's programs.

The Jackie Chan charity also issued a statement Monday, saying it had an written agreement with CCAFC regarding the use of the money and that the group has been run completely on Chan's own expense, with no management fees occurred.

Both CCAFC and the Jackie Chan charity said they welcome public scrutiny, pledging continued efforts to promote transparency.

Earlier this month, CCAFC was accused of conducting money laundering activities involving about 4.8 billion yuan in 2011.

The group responded by saying that finance staffers had mistakenly listed 4.75 billion yuan in the foundation's cash flow statement when the amount should have been 475 million yuan.

A public accountant hired by the foundation said its cash flow statement was manually filled in instead of being automatically generated by finance software.


【1】 【2】



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