slush fund


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Related to slush fund: surreptitiously, hedge fund

slush fund

1. a fund for financing political or commercial corruption
2. US nautical a fund accumulated from the sale of slush from the galley
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References in periodicals archive ?
For the record, what "Spiegel" reported was that: 1) the organizing committee maintained a secret slush fund worth 6.7 million euros donated by an Adidas executive; 2) German football legend Franz Beckenbauer and current German Football Association President (DFB) Wolfgang Niersbach knew about the fund; 3) the DFB later paid FIFA a corresponding sum to underwrite cultural events that never took place, and the money subsequently disappeared; 4) other influential German football figures acknowledged in private, unconfirmed conversations that the money had been used for bribes.
Over the centuries, as every graduate student of history knows, presidents and potentates have had their slush funds to carry out discreet activities of statecraft that they would prefer not to explain in public.
The financial group based in Daegu with seven subsidiaries a DGB Daegu Bank, DGB Life, DGB Capital, DGB Asset Management, DGB Upay, DGB Data System and DGB Credit Information a has been under investigation by the prosecution following allegations that Park, along with 16 group executives, formed a slush fund of some 3 billion won since his inauguration in 2014.
The post Slush fund used 'to buy votes' for Germany's 2006 World Cup appeared first on Cyprus Mail .
AN INTERNAL audit of Airbus sales campaigns, ordered after allegations of the use of slush funds, has turned up no irregularities, says parent company European Aeronautic Defence and Space.
MoD police seized 386 boxes of evidence of the slush fund from a warehouse in Hertfordshire last week.
There were allegations that the firm ran a multi-millionpound "slush fund" offering sweeteners to Saudi royals and shady intermediaries in return for lucrative contracts.
The cash claimed to be a bribe by prosecutors in serving a fresh arrest warrant on Moriya comes from a slush fund created through Yamada's U.S.
The Everton boss wants to blow open the Premiership monopoly and he reckons robbing one of the big four of their Champions League slush fund is the best way to do it.
The Saudis countered the claim and BAE last month denied further reports that said it had used a 'slush fund' to influence Saudi officials togrant the company defence deals almost ten years ago.
She says: "When autumn arrives I slow up on my spending so I know I have a slush fund to absorb the cost."
He set the scene for a bitter clash with Labour and Lib Dem opponents over claims that the Scottish Executive's growing contingency fund was a "slush fund".