Global Fund and 'massive fraud'
Published 29/01/2011 | 05:00
IN reference to your article 'Global charity admits €25m missing in massive fraud' (Irish Independent, 25/01/2011) the Global Fund would like to clarify how we protect our grant money.
Two articles published by the Associated Press in recent days and picked up by a large number of media outlets have seriously misrepresented the extent of fraud discovered in grants financed by the Global Fund.
Media reports alleging that "billions of dollars have been misappropriated from the Global Fund" or that the extent of fraud uncovered is "massive" are irresponsible, false and misleading.