Wednesday, July 15, 2015

Aid charities reluctant to reveal full scale of fraud...

With fraud rife in conflict and disaster zones, aid charities are under pressure to be open about corruption but one third of the world's 25 biggest aid charities declined to make their fraud data public in a Thomson Reuters Foundation investigation.

Data collected from 12 of the 25 humanitarian non-governmental organisations (NGOs) with the greatest expenditure shows annual losses of $2.7 million - or just 0.03 pct of annual turnover based on data supplied for the years 2009-2014.

Transparency experts said the real figure would likely be far higher if data was available with these major aid relief groups estimated to spend $18 billion a year globally.

Eight of the biggest NGOs questioned in a pioneering survey on accountability in charitable aid declined to elaborate, saying they reported their losses to regulators. Five of the biggest NGOs said they had not experienced any diversions of funds during this period.

"Most NGOs in many cases will not report fraud as fraud because they will have a long paper trail coming after them," said transparency and development researcher, Till Bruckner, author of the book "Aid Without Accountability". Full story...

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