Wednesday, September 15, 2010

Corrupt politicians in India siphoned out $125 billion illegally...

Even as India continued to register one of the highest growth rates post-Independence, rampant corruption resulted in an estimated illicit outflow of a whooping $125 billion between 2000 and 2008; a research and advocacy organisation has said.

The figures of $125 billion illicit outflow of money from India are part of a report to be released by the Washington-based Global Financial Integrity later in 2010. "Much of the funds flowing out are generated at home within India and then sent illegally abroad. More...

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