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Japan Spending Reconstruction Funds on Unrelated Projects: Audit

Posted October 31st, 2012 at 6:30 am (UTC-5)
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A recent audit conducted for the Japanese government has found that about a quarter of the funds meant for reconstruction following last year’s devastating earthquake and tsunami has been spent on unrelated causes. Japan’s Board of Audit, a constitutionally mandated but independent agency, says parts of the $148 billion reconstruction budget went to projects such […]

Obama Campaign Returning Funds Linked to Mexican Fugitive

Posted February 7th, 2012 at 11:25 am (UTC-5)
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U.S. President Barack Obama’s re-election campaign says it is returning some $200,000 in donations made by the family of a Mexican casino owner who fled drug and fraud charges in the U.S. The campaign announced Tuesday that it was refunding all contributions linked to Chicago brothers Carlos and Alberto Rojas Cardona after The New York […]

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Angola Denies $32 Billion Missing in State Funds

Posted January 18th, 2012 at 10:00 am (UTC-5)
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Angola’s government is denying reports that $32 billion has gone missing from state funds thought to be linked to the country’s state-run oil company. In a statement Wednesday, reported in Angolan media, the government denied the missing money, saying there was a discrepancy in the accounts related to inadequate record keeping. It said authorities are […]

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Rights Group Wants Angola to Explain Missing $32 Billion

Posted December 21st, 2011 at 9:40 am (UTC-5)
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A rights group says Angola must account for $32 billion in missing government funds thought to be linked to the state oil company. Human Rights Watch, citing a report by the International Monetary Fund, says the money was spent or transferred between 2007 and 2010 without being properly accounted for in the budget. The sum […]

Tags: , , Posted in Africa

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