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Children's charity accused of embezzling funds


09:39, December 25, 2012

BEIJING, Dec. 24 (Xinhua) -- A children's charity on Monday was accused by a journalist of embezzling funds just days after being hit by the same accuser with accusations of laundering money.

Columnist Zhou Xiaoyun said Monday that the China Charities Aid Foundation for Children (CCAFC) only used about 1 million yuan (160,421 U.S. dollars) out of the 19 million yuan raised from a charity gala for an anti-human trafficking program called "Hope for Home."

The other 18 million yuan was, according to Zhou, transferred to Jackie Chan Charitable Foundation Beijing, a charity group set up by movie star Jackie Chan that supports poor children with serious illnesses.

Zhou said the money was intentionally transferred between the two groups to increase their expenditure records, of which 10 percent is routinely withdrawn in the form of management fees to pay some charity staffers.

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