SLOSH fund

Having a go at fleecing the European Union isn't confined to the European borders. OLAF (the EU's anti-fraud agency) put out a press release today how an aid project in Paraguay was shaken down for €2.5 million. The project was aimed at providing drinking water to various communities. The Spanish national diverted the flow of cash, not mention the flow of water, to a pal in company that didn't even bother doing the work. Read here for the press release and let me know if you can put the word 'defalcation' into a sentence.