Taiwan’s armed forces have lost about $2.8 billion worth of military property, Taipei Shibao reported, citing a defense establishment audit.

In the course of reconciling the reports of the General Staff Supply Department with the results of the inventory of property in military units and warehouses, large-scale discrepancies were revealed.

In particular, about 430,000 items of military property on the balance sheet of the armed forces disappeared without a trace, and the military could not explain the whereabouts of them.

At the same time, the auditors also found “surpluses” in the warehouses: the audit revealed the presence of 560,000 items in military facilities that were not reflected in any way in the paperwork. The total value of such items is estimated at $4.47 billion.

The newspaper does not give the names of the types of military products that were missing or, on the contrary, stored in excessive quantities.

But a handgun and other items went missing from a Navy warehouse in March of this year, and a short time later ammunition and other weapons disappeared from the same facility, believed to have been sold to organized criminal groups.

$4,47 Billion > $2.8 Billion = Lost&Found balance still positive. Nothing to worry about.

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