India ranks 4th in black money outflows

China also had the largest illicit outflows of any country in 2013. India ranks fourth in black money outflows with a whopping $51 billion siphoned out of the country per annum between 2004-2013, a......

Top 5 countries on black money list; India third

The cumulative illicit money moving out of India over a ten-year period rose to $439.59 billion Image: The cumulative illicit outflows from developing economies between 2003 and 2012 stands at......

G20 fails to make substantive progress on black money

According to the Global Financial Integrity, the G-20 commitment to automatic exchange of tax information is welcome but incomplete, notes Lali K Jha. The G-20 summit in Australia failed to make......

India lost $84.93 billion to fraud, corruption

Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving......