Fraud plagues global health fund backed by Bono, others

As much as two-thirds of some grants for AIDS, tuberculosis and malaria lost to corruption

“A $21.7 billion development fund backed by celebrities and hailed as an alternative to the bureaucracy of the United Nations sees as much as two-thirds of some grants eaten up by corruption, The Associated Press has learned.

Irish rock star Bono is among celebrities who have backed the Global Fund to fight AIDS, malaria and tuberculosis. That fund is now under fire for allegations of corruption.”