Tuesday, January 25, 2011
JOHN HEILPRIN, Associated Press
JOHN HEILPRIN, Associated Press
Celebrity-Backed Global Health Fund Plagued By Fraud
GENEVA — A $21.7 billion development fund backed by celebrities such as Bono and hailed as an alternative to the bureaucracy of the United Nations sees as much as two-thirds of some grants eaten up by corruption, The Associated Press has learned.
Much of the money is accounted for with forged documents or improper bookkeeping, indicating it was pocketed, investigators for the Global Fund to Fight AIDS, Tuberculosis and Malaria say. Donated prescription drugs wind up being sold on the black market.
The fund's newly reinforced inspector general's office, which uncovered the corruption, can't give an overall accounting because it has examined only a tiny fraction of the $10 billion that the fund has spent since its creation in 2002. But the levels of corruption in the grants they have audited so far are astonishing.
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Posted by Editor on 01/25/11 at 11:45 AM •
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