Audits Reveal Over $24 Million in Losses and Mismanagement at IFARHU
Bernardo Meneses, former director of Ifarhu, was charged with unjust enrichment, money laundering, and embezzlement.
(IFARHU) is a key institution in Panama, responsible for managing national educational scholarships. The Anti-Corruption Prosecutor’s Office has accused Bernardo Meneses, former director of the Institute for the Training and Utilization of Human Resources (Ifarhu), of mismanaging the financial aid program, which resulted in $24.2 million in property damage. The report reviewed a total of 1,016 financial aid files, and 898 of them were found to have failed to comply with the standards established by the IFARHU.
