Sun, Apr 21, 2013 - Page 8 News List

EDITORIAL: Protecting government funds

The most efficient way to deter wrongdoing by rogue fund managers is to impose heavy fines and penalties. However, both the financial and judicial authorities must realize that only prompt prosecution and a high conviction rate for financial crimes can really help investors gain confidence in the government and improve the health of capital markets. In the end, no matter what the government plans to do to improve the state funds’ risk management and investment returns, all people ask is that the government be worthy of their tax money.

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