Financial Crime World

Title: “GUINEA: OIG Uncovers Multimillion-Dollar Fraud in Global Fund Grants”

Overview

  • The Office of Inspector General (OIG) discovered extensive fraudulent activities in 22 of the 26 Sub-sub-recipients identified for suspicious or fraudulent expenditures in Guinea.
  • The investigation focused on grants worth millions of dollars from the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Findings

Fictitious NGOs and Siphoning Off Funds

  • A staff member at the Partnership for the Protection of Children and their Social Protection (PNPCSP) established four fake Non-Governmental Organizations (NGOs).
  • This individual siphoned off grant funds totaling GNF 128.2 million (USD 26,023).

Non-performing Sub-sub-recipients

  • Nine other Sub-sub-recipients did not carry out any grant activities with the grant money received, totaling GNF 285 million (USD 60,953).

Fabricated Invoices and Unsupported Expenditures

  • Nine other Sub-sub-recipients submitting falsified invoices and documentation, justifying grant advances.
  • Widespread fabricated invoicing within the administration of the grant.
  • PNPCSP staff were involved in falsifying some invoices.
  • USD 250,852 in grant expenditures to suppliers could not be substantiated.

Root Causes and Mitigating Factors

  • Lack of internal controls and oversight from PNPCSP.
  • Widespread political turmoil in Guinea during the grant period, which prevented effective validation.

OIG’s Recommendations and Secretariat’s Response

  • Total fraudulent activities totaled USD 416,183.
  • The Secretariat restructured the grants, closed certain programs, appointed new Principal Recipients, and implemented a zero-cash policy.
  • An international Fiscal Agent was hired to oversee funds allocation and ensure transparency.

Additional Concerns

  • Numerous concerns regarding unrelated PNPCSP expenditures and tender processes.
  • Measures are in place to mitigate risks and prevent further fraudulent activity.