Keyword: porkmoney

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  • 'Poverty barons' who make a fortune from taxpayer-funded aid budget

    12/27/2012 2:16:11 PM PST · by Lorianne · 7 replies
    Telegraph (UK) ^ | 15 September 2012 | Andrew Gilligan
    The Department for International Development (DFID) paid almost £500million last year to consultants, mostly British, many of whom earn six, even seven-figure incomes, courtesy of the taxpayer. DFID also funds dozens of foreign consultancy firms. It is paying £6million to the University of Cape Town to investigate mental health issues in southern Africa and millions of pounds to US-based organisations, including the Clinton Foundation, the International Food Policy Research Institute and Family Health Inter-national. It is paying a Washington-based group, Search for Common Ground, £3.9million to “support the electoral cycle in Sierra Leone”. Consultancy firms in India and Uganda are...
  • The Bank Bust That Nearly Took Down Afghanistan

    12/27/2012 2:48:48 PM PST · by Lorianne · 1 replies
    TIME ^ | 30 November 2012 | John Wendle
    ... new details about how a small group of men profited from fraudulent loans. It called out local authorities for succumbing to political pressure and the international community for not doing enough to stave off the catastrophe which led to a near-complete meltdown of Afghanistan’s banking system in 2010. The report, partly compiled from the results of a nine-month-long audit conducted by Kroll, a global investigations firm, said that the crisis was brought on by a well-hidden Ponzi scheme. More than 92% of the bank’s loan book, or $861 million, was extended to 19 related individuals and businesses, which ultimately...