Allegations include supplying electricity to non-university users over three decades, multi-million endowment fund losses, inflated retirement compensation packages, and shady drug supply practices at the universityâ€™s renowned Medical Center.
I am an AUB graduate yet I am shocked to read such accusations. This will definitely damage AUB’s reputation if it turns out to be true.
I am not fully aware of the report’s content but I hope it will cover the favoritism (Wasta) in the Financial Aid office that some parties used to benefit from on the expense of students truly in need.
The man behind the 500-pages report is Nabil Chartouni, a previous member of the board of trustees. He claims that “the irregularities occurred when he was a member of the board between May 2001 and March 2011” and that “the universityâ€™s endowment fund has lost over 200 million dollars in the past 10 years due to mismanagement.”
You can read the whole article [Here].