Charity denies wrong use of funds
chinadaily.com.cn | Updated: 2013-08-20 20:03
The Yantai Charity Federation, Shandong province, denied that it misappropriated donated funds, chinanews.com reported on Tuesday.
According to a statement issued on its official website, the federation said that the funds for a traffic accident victim who was run down by Wang Hongtao, former director of the federation's general office, was not a donation from the federation.
The compensation was 810,000 yuan ($132,300).
Of this, 119,780 yuan came from an insurance company.
The balance was paid by Wang himself.
The accident took place on Oct 16, 2012.
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