Global Financial Integrity

'India needs to curtail accelerated outflow of black money'

Washington-based Global Financial Integrity found that in the last five years of the study, India lost illicit assets at a rate of $19 billion a year. Raymond Baker shares his views with Firstpost.

Black money outflow from India 3rd largest; crooks took out Rs 6 lakh cr in 2012

Russia is on the top with $122.86 billion, followed by China at the second position ($249.57 billion) in terms of the quantum of black money moving out of a country for 2012