divert funds

See: defalcate
Mentioned in ?
References in periodicals archive ?
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.
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.
The sole purpose of the accounts was to divert funds to Dubai and Iran.
A militant lawmaker warned yesterday Congress against passing the proposed "Filipino Identification System Act", fearing that the implementation of a national ID system, instead of lessening red tape in the government "could be another big opportunity to divert funds.
But the PM and Health Secretary Jeremy Hunt must listen to doctors and nurses and divert funds and energy to where it is most needed.
Requests from foreign donors to divert funds from one project to another will be considered by the Commission on case-to-case basis.
About diversion of funds, the Commission observed that development projects already in progress may continue without interruption where no diversion of funds is required while requests from foreign donors' to divert funds from one project to another will be considered by ECP on case to case basis.
28 of 1999, which established the Fund was more in the breach' therefore it was easy to divert funds accruing to the Fund for unqualified projects and payments.
The Chinese unrest stoked investors' risk aversion, leading them to sell the Japanese currency and to divert funds into other currencies, traders said.
The bill would also divert funds from the Prevention and Public Health Fund established under the Affordable Care Act, which supports programs to prevent our nation's leading causes of premature death and disability," said APHA Executive Director Georges Benjamin, MD, FACP, FACEP (E).