Word: hiid
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...recent months, the University has come under scrutiny for a $34 million federal grant to the Harvard Institute for International Development (HIID) meant to help rebuild the Russian economy. The program was under the leadership of Jones Professor of Economics Andrei Shleifer ’82, who is now under investigation for allegedly making personal investments in the Russian economy while advising the Russian government. Harvard was absolved of fraud charges in June, but could still face damages of up to $34.8 million in connection with the grant...
Today, the jury will determine whether Shleifer was technically “assigned to” Russia as defined by Harvard’s two contracts with the U.S. Agency for International Development (USAID), which funded the market reform program through the Harvard Institute for International Development (HIID...
Both the defense and the prosecution used an HIID Overseas Assignment time sheet filled out and signed by Shleifer as evidence to bolster their arguments...
Last June, Shleifer and former HIID employee Jonathan Hay were found liable for fraud because of personal investments they made in Russia while advising the Russian government on privatization...
Three members of the defense team rose simultaneously to object when prosecutor Bloom asked a witness, former HIID employee Kathaleen Mercier, if she “knew that Shleifer was a close friend of the President of the University [Lawrence H. Summers].” Judge Woodlock sustained the objection...