divert funds

See: defalcate
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Bankers of the firm allegedly conspired with Malaysian entities to divert funds from 1MDB bond transaction to their personal accounts.
He said if the government think it necessary to create some fiscal space for Sustainable Development Goals achievement programme, it should divert funds from other heads instead of CPEC project of national importance.
Meanwhile, he plans to shutdown and divert funds used by California law enforcement that run counter-narcotics operations and fight drug cartels to build his wall.
Commercial director Eileen Devereux said: "With waiting lists and healthcare provision being such a hot topics at the moment, it's easy to see why we would want to divert funds towards those very immediate measures."
To suggest as the petition claims that a President can divert funds from a private company in the circumstances described, is absurd.
The Pharmaceutical Research and Manufacturers of America, a trade association, has said the proposals could divert funds from the development of new non-opioid painkillers and treatments.
'From preliminary investigations by the commission, the 2nd and 3rdrespondents were used to divert funds from the Lagos State Government Number Plate Production Authority with the influence of Folorunsho Coker, who was the Managing Director of the Lagos State Agency,' the investigator said.
But when his debts started mounting up, he abused his position of trust to divert funds to pay off what he owed, a court heard.
In order to avoid trouble in the future and ensure that our pensioners receive their dues, we prefer to divert funds to the corpus rather than register a net profit and pay income tax.
New Delhi: Taking serious note on non-payment of borrowed money by big borrowers, CBI chief Anil Sinha blasted banks for not coming forward with a complaint in the Kingfisher Airlines case, saying the delay helped the company "divert funds and destroy evidence".
Finance Minister Harris Georgiades said he would welcome a decision by euro area finance ministers to divert funds earmarked to recapitalise banks to the refinancing of existing debt.
Instead of contributing to efficiency, the implementation of a national ID system in itself could be another big opportunity to divert funds, such as in many of the DAP projects," he said in a statement.