$28 billion health fund backed by Bill Gates and Bono is investigated for fraud

The Rumor Mill News Reading Room 

$28 billion health fund backed by Bill Gates and Bono is investigated for fraud

Posted By: Steve [Send E-Mail]
Date: Monday, 5-Mar-2012 07:36:07

A multi billion dollar global health fund backed by the Bill and Melinda Gates Foundation is being probed for widespread fraud after it emerged grant money to developing countries had been ‘eaten up by corruption.’The Global Fund to Fight Aids, Tuberculosis and Malaria (GFATM), which distributes $28 billion in aid, found that two-thirds of the money from some grants had been stolen or misused by recipient countries. [more...]

http://zen-haven.dk/28-billion-health-fund-backed-by-bill-gates-and-bono-is-investigated-for-fraud/