Sunday, December 18, 2011

involving an amount of $ 2.8523 million. After audit pointed out that the above problems

129667786255459142_216Audit Office of Guangdong Province, according to Xinhua News Agency announced its website on 25th of the Paralympics 2010 Guangzhou Asian Games and the Asia financial revenue and expenditure and the stadium construction project audit results announcement swtor power leveling, 8 venue construction services and materials by audit the design or procurement without tendering or Government procurement problem, part of the stadium project was found illegal subcontracting subcontracting. 8 Museum exist violationsSubcontract announcement, 3 Asian Games venue design undisclosed bid, involving an amount of $ 3.0165 million; 1 Asian Games venues materials purchase public bidding, involving an amount of $ 1 million; 4 venue construction bidding agent, construction drawing review was carried out by the Government procurement of services, involving an amount of $ 2.8523 million. After audit pointed out that the above problems, The departments concerned to investigate and deal with, and perfecting the management system in time to prevent this problem from happening again. Audit also found that in 8 Asian Games venues during construction, some projects outsourcing subcontracting of construction units concerned breaches, involving an amount of $ 220 million. Departments in charge of construction in Guangdong Province have been investigated and dealt with on this, 9 illegal subcontracting of subcontracting enterprises according to law.Sponsored material is not recorded in a timely manner in addition, the individual venue construction is construction quality problems uncovered, such as: Guangzhou Institute of physical education Stadium inadequate fire retardant coating for steel grid thickness; UFO training center in Guangzhou Stadium shooter concrete floor cracking worse; swimming and diving Hall roof leaks, and so on. Bulletin also noted that the subgroup relevant departments have not yet completed tendering case, select literaturePerformance contractors and lent the party capital of 1.23 million. At present, the loan funds have been recovered. The audit also found that some sponsorship materials and income should be recorded in a timely manner. About sponsor to sponsor some of the material and "ticket sales operation service system" value is not registered in the Sub-Committee on the financial accounts in a timely manner reflect, involving an amount of $ 83.6274 million; subgroup Commission, Foshan of Asian GamesCoordination Committee, the Sports Bureau and other units, Dongguan city, some of the material is not should be recorded in a timely manner, involving an amount of $ 20.48 million. Gold-line statement: Gold-line reproduced above swtor credits, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investors a basis for action, at your own risk.

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