RIO DE JANEIRO, July 26 (Bernama) — An audit has revealed Brazil’s Red Cross
embezzled more than US$11 million from donated funds from 2010 to 2012, Xinhua news agency reports quoting local media.
The Folha de Sao Paulo daily said this was committed during a previous administration of the Red Cross, whose directorship was fully replaced in 2012 following denouncements of embezzlement.
An audit company was hired to conduct a full investigation and discovered the misappropriation of funds two years later.
The embezzled fund was donated by Brazilian citizens to assist drought victims in Somalia, the Japanese tsunami and a major natural disaster in Rio de Janeiro state that killed 1,000 people.
The Red Cross has pledged to take all necessary steps to recover the lost funds and channel them to the right beneficiaries. -Bernama