Global Fund Accused of Fraud, will U2s Bono Halt Donations?
News reports that Bono’s global fight against AIDS faces a major setback, as the Global Fund has been accused of corruption. While Bono’s charitable efforts to improve the lives of millions around the world are some of the most far reaching and well-respected in the celebrity world, the Global Fund faces scrutiny for a gap in excess of $30 million in its accounts.
Bono’s Project RED Charity is one of the major donors to the Global Fund to combat AIDS and HIV. However, this could change if the fraudulent receipts and accounting practices that have been uncovered are real. Countries such as Sweden and Germany have suspended funding towards the Global Charity until an audit can be made of the remaining funds, which total around $10 billion.