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Thursday, January 27, 2011

Germany stops donations to fraud-plagued Global Health Fund

Germany will suspend its pledge of $270 million to the Global Fund to Fight AIDS, Tuberculosis and Malaria after a full investigation of fraud allegations in two stories by the The Associated Press on Sunday and Monday, the Monterey County Herald said.
According to an AP report on Sunday, huge sums of contract money goes down the drain to corruption.
Germany is Global Health Fund's third largest donor after the US and France. It pledged $810 million for 2011 to 2013.
According to a spokesman who requested anonymity, Germany is demanding an explanation for the alleged $34 million losses due to improper bookkeeping, fake documents, and other massive fraud. It has called a Global Fund representative to explain the reports.
The German spokesman said, "We obviously look very closely at the (donated) money now. It's the money of German taxpayers, so we have to make sure that it was rightly used."
In November, Sweden said it was halting its $85 million yearly donation until the allegations were cleared up.
Dr. Michel Kazatchkine, a French immunologist and executive director of the Global Health Fund, went to Stockholm to guarantee officials there that the problems will be worked out.
Details of this story on this link.

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