Newsfeed : Global Fund Uncovers Additional $20M in Mismanaged Funds

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November 3, 2011

Global Fund Uncovers Additional $20M in Mismanaged Funds

As a result of 12 new probes, the Global Fund to Fight AIDS, Tuberculosis and Malaria has uncovered an additional $20 million of financial mismanagement, The Washington Post reports. Two new cases in Nigeria and India could lead to criminal charges. Fraud and misspending have plagued the organization; as a result, the fund has investigated its own losses in grant money. Previous probes discovered about $53 million in losses. The fund says it has recovered $19 million in misspent or undocumented money so far.

To read the Post article, click here.

Search: Nigeria, India, Global Fund to Fight AIDS Tuberculosis and Malaria


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