Chinese State company Czars and other top officials in China have been found to have indulged in luxuries like buying fancy cars and other consumer durables at state expense. The country's national auditor is saying that officials stole or misused a staggering 34.4 billion US dollars this year after a nation-wide audit was conducted. Official news agency Xinhua reported that over 1,068 people including government officials have been handed over to disciplinary or judicial authorities for their roles in the missing funds. The country's chief auditor Liu Jiayi said, embezzlement, waste of money and false fiscal reporting still existed in central departments, despite some improvements. With such a huge amount going missing from public funds, an alarmed Prime Minister Wen Jiabao told auditors to crack down hard on embezzlers. China announced its firm resolves last year to crack down hard on corruption as it launched a 4 trillion yuan stimulus package to halt sharp drop in exports.<br/>