Saturday 23 September 2017

Global Fund doesn't tolerate corruption

Ali Hewson and husband Bono, who is co-founder of Red
Ali Hewson and husband Bono, who is co-founder of Red

I WRITE with reference to Jason O'Brien's article "Global charity admits €25m 'missing' in massive fraud" (Irish Independent, January 25), referencing the findings of a Global Fund audit of funds published on its website last year and picked up by Associated Press (AP).

The Global Fund has zero tolerance for corruption. The original AP news report refers to well-known incidents that were surfaced and reported by the Global Fund itself and acted on immediately last year. There are no new revelations in recent media articles. In his report, the Global Fund's inspector general listed misuse of funds in four out of 145 countries which receive grants, representing $34m (€29.7m) out of the more than $13bn (€9.4bn) the Global Fund has at work in lifesaving programmes around the world. As a result immediate steps were taken in Djibouti, Mali, Mauritania and Zambia to halt grants, recoup funds and prosecute those involved. While any fraud is inexcusable, this accounts for three-tenths of 1pc -- a fractional amount across the entire fund.

Additionally, I would like to stress that no Red money was involved in these matters. Red chose the Global Fund to administer the money generated by the sale of Red products precisely due to their aggressive auditing tools and best practice transparency over their findings. Fraud and corruption exist all around the world.

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