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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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Similarly, for the same period, only 23 municipal and city mayors were convicted for malversation, bribery and theft.
Any town officer may be removed from office by the supreme court for any misconduct, maladministration, malfeasance or malversation in office.
We think it a marvellous act of malversation in a trustee, to benefit himself unjustly out of the funds entrusted to his care.
Thirty-two government officials allegedly using government vehicles for private purposes were charged with malversation yesterday in the Office of the Ombudsman.
I've seen, as have we all, theft, fraud, intimidation, malversation.
This reduction includes legitimate business oversight, and may even extend, I have been told, to actual malversation of funds.

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