Thursday, November 18, 2010

Corruption has cost India $462 billion...

India has lost more than $460bn since Independence because of companies and the rich illegally funnelling their wealth overseas, a new report says.

The illegal flight of capital through tax evasion, crime and corruption had widened inequality in India, it said.

According to the report from US-based group Global Financial Integrity, the illicit outflows of money increased after economic reforms began in 1991.

Many also accuse governments and politicians of corruption in India. More...

Don't miss:
  1. Two Delhi CWG officials arrested on corruption charges...
  2. A more sinister pattern of corruption emerging in India...
  3. Corrupt politicians in India siphoned out $125 billion...
  4. "30% Indians totally corrupt, 50% borderline ..."
  5. A zero-rupee note in India to fight corruption!!!
  6. India's cops are thriving highway robbers ...

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