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Fund squandered capital on emergency room fabrication and support (8)

Ross

I believe the answer is:

underlie

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'support' is the definition.
(I've seen this before)

I don't understand how the rest of the clue works.

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(Other definitions for underlie that I've seen before include "Be the basis of" , "Prove to be base" , "Form the base for" , "Be subject to" , "Be situated below" .)

I've seen this clue in the Sydney Morning Herald.
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