The report comes via the Fund's inspector general's office. The fund is often referred to as "The Global Fund" or "GFATM."
The Global Fund was established in 2002, and investigators have had only a short time since the inspector general's office was "reinforced" to review spending. If consistent with other spending, the review so far would mean that the GFATM is full of fraudulent spending.
Examples discovered so far include:
- 67 percent of money spent on an anti-AIDS program in Mauritania was misspent
- 36 percent of the money spent on a program in Mali to fight tuberculosis and malaria was misspent
- 30 percent of grants to Djibouti was misspent
- $3.5 million in spending in Zambia was undocumented and one accountant stole $104,130,
Prominent celebrity backers of the fund include the BIll and Melinda Gates Foundation, former U.N. secretary-general Kofi Annan, French first lady Carla Bruni-Sarkozy, and U2 front-man Bono. In fact, Bono's involvement is via the global brand, (Product) Red, which is often used by manufacturers to promote products for which revenue goes to (Product) Red. A large share of those profits go to the Global Fund.
The Global Fund is pulling or suspending grants from areas where corruption is found. It is also demanding that recipients return millions of dollars of fraudulently spent money.
Just one day ago, Sweden has tole The Global Fund that it would not pay its 167 million euro contribution unless it was assured that more was being done to prevent such corruption. Earlier this month, Professor Michel Kazatchkine was re-appointed, for a second term of three years, as The Global Fund's executive director.