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WWF Tanzania staff in financial scam

External Reference/Copyright
Issue date: 
29 May 2012
Publisher Name: 
Daily News Tanzania
Author e-Mail: 
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AN audit report by Ernst & Young has established that 400,000 US dollars (approx. 624m/-) was misappropriated by the WWF local staff who forged hotel, taxi receipts and direct corruption.

As a result of the audit report, eight employees have been terminated while six have resigned during the investigation or disciplinary process.In a statement, the World Wildlife Fund  International President, Yolanta Kakabadse, and Director General Jim Leape said the lost money will be refunded to donors who include Norwegian and American governments.

"E&Y's investigations confirmed fraud in all four projects that were reviewed. The amount of fraud is approximately 400,000 dollars; the total funding for the projects involved is around 15.4 million dollars.

"Such fraud is unacceptable and we have taken decisive action to terminate the employment of all employees found to have committed fraudulent acts," the statement noted.The statement further said that two projects funded by the Norwegian Ministry of Foreign Affairs which E&Y conducted a forensic investigation, established that fraud was experienced.

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Extpub | by Dr. Radut