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What is a malversation?

What is a malversation? Here are some definitions.

Noun
  1. corrupt behaviour, illegitimate activity, especially by someone in authority
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Any town officer may be removed from office by the supreme court for any misconduct, maladministration, malfeasance or malversation in office.
Thirty-two government officials allegedly using government vehicles for private purposes were charged with malversation yesterday in the Office of the Ombudsman.
He charged him with several grievous acts of malversation in office, with abuses of a public trust of a great and heinous nature.
This reduction includes legitimate business oversight, and may even extend, I have been told, to actual malversation of funds.
This was the verdict handed down yesterday on the case of technical malversation and juggling of public funds.
Yet every attempt of his enemies to convict him of extortion or malversation broke signally down.

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