Home > News > Auditors slam misuse of state research funds
May 10th, 2010
Auditors slam misuse of state research funds
Abstract:
State auditors said Monday that they had found mishandling of government funds in technology research, and questioned the fairness in the selection of projects and researchers as well as the provision of funding.
According to the Board of Audit and Inspection (BAI), the Korea Evaluation Institute of Industrial Technology (KEIT) provided funds for irrelevant expenditures and expenses claimed for certain projects.
It said the KEIT overlooked or failed to notice that 16 research organizations sought duplicate reimbursements for expenses of 656 million won ($581,000) that had already been approved for similar projects.
Auditors also found that a professor, who won a state-fund for a nanotechnology research, spent 28 million of the budget for personal use.
Source:
koreatimes.co.kr
Bookmark:
| Related News Press |
News and information
Researchers develop molecular qubits that communicate at telecom frequencies October 3rd, 2025
Next-generation quantum communication October 3rd, 2025
"Nanoreactor" cage uses visible light for catalytic and ultra-selective cross-cycloadditions October 3rd, 2025
Govt.-Legislation/Regulation/Funding/Policy
New imaging approach transforms study of bacterial biofilms August 8th, 2025
Electrifying results shed light on graphene foam as a potential material for lab grown cartilage June 6th, 2025
Institute for Nanoscience hosts annual proposal planning meeting May 16th, 2025
Academic/Education
Rice University launches Rice Synthetic Biology Institute to improve lives January 12th, 2024
Multi-institution, $4.6 million NSF grant to fund nanotechnology training September 9th, 2022
Announcements
Rice membrane extracts lithium from brines with greater speed, less waste October 3rd, 2025
Researchers develop molecular qubits that communicate at telecom frequencies October 3rd, 2025
Next-generation quantum communication October 3rd, 2025
"Nanoreactor" cage uses visible light for catalytic and ultra-selective cross-cycloadditions October 3rd, 2025
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||