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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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Examples
He charged him with several grievous acts of malversation in office, with abuses of a public trust of a great and heinous nature.
There was no one to check his malversation, and by the simple expedient of keeping the interest paid, he escaped detection.
Thirty-two government officials allegedly using government vehicles for private purposes were charged with malversation yesterday in the Office of the Ombudsman.
Any town officer may be removed from office by the supreme court for any misconduct, maladministration, malfeasance or malversation in office.
It was the worst case of malversation and fraud in the pensions industry, and it was carried out under the trust structure.
Yet every attempt of his enemies to convict him of extortion or malversation broke signally down.

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