A second top United Nations official is out of a job following the disclosure that more than $20 million doled out in unconventional loans may be lost.
Tag: Faremo, Grete
Reforms Are Imposed on U.N. Agency That Made Questionable Investments
After a New York Times report revealed unusual investments putting tens of millions of dollars at risk, the board of the U.N.’s Office for Project Services demanded major changes.
Head of U.N. Agency Resigns After Questions Arise About Loans
The little-known organization gave out $61 million in loans and grant money to a single British family, in a scandal that has shaken and embarrassed the U.N.