Might mean (unverified): Robbing one to pay another.
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We found one dictionary that defines the word borrow from Peter to pay Paul:

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  1. borrow from Peter to pay Paul: Wiktionary

Definitions from Wiktionary (Borrow from Peter to pay Paul)

verb:  Alternative form of rob Peter to pay Paul [(idiomatic) To use resources that legitimately belong to or are needed by one party in order to satisfy a legitimate need of another party, especially within the same organization or group; to solve a problem in a way that makes another problem worse, producing no net gain.]

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