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Billions unaccounted for in Venezuela's communal giveaway program

The unsupervised spending in El Chaparral is symptomatic of a vast community aid effort with lax financial controls. A network of more than 70,000 community groups has received the equivalent of at least $7.9 billion since 2006 from the federal agency that provides much of the financing for the program, Reuters calculates, based on official government reports.

The money is part of a broad government effort called the "communal state" that steers funds to communities, primarily through an outfit called the Autonomous National Fund for Community Councils, or Safonacc. But exactly how much money passes through this system, who gets it and how it's used are largely a mystery.

Read the story here.

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