January 25, 2011
Global Fund Defrauded in Africa of $34M, Recoups $19M
The Global Fund to Fight AIDS, Tuberculosis and Malaria has lost millions of dollars because of corruption and fraud, National Public Radio (NPR) reports. Through an internal audit conducted last year, the fund learned that workers in four African countries—Mauritania, Mali, Djibouti and Zambia—drained $34 million through forging receipts and documents and selling donated drugs. The fund has already recouped $19 million. Since 2002, the fund has raised and spent more than $13 billion. Commentators have noted that the percentage of fraud dollars uncovered (0.3 percent of the total grants dispensed) is probably normal for an organization with such large resources.
To read the NPR article, click here.
Search: The Global Fund to Fight AIDS, Tuberculosis and Malaria, corruption, fraud, Africa
Scroll down to comment on this story.
Show comments (0 total)
[Go to top]