WHITE PAPER ON BLACK MONEY !

19 Dec 2011

WHITE  PAPER  ON  BLACK  MONEY  !

How much money has flowed out illegally from the developing countries over the last 10 years ?

DNA [ 16, Dec. 2011 ] sourced following figures from a report titled, “ Illegal financial flows from developing countries over the decade ending 2009 “, published by Global Financial Integrity – GFI :

     
       Country                              $  Billion

• China…………………………………………..2,740

• Mexico…………………………………………….504

• Russia……………………………………………..501

• Saudi Arabia……………………………………380

• Malaysia………………………………………..350

• UAE………………………………………………….296

• Kuwait……………………………………………..271

• Nigeria…………………………………………..  182

• Venezuela……………………………………..  179

• Qatar………………………………………………  175

• Poland…………………………………………….. 162

• Indonesia………………………………………… 145

• Philippines…………………………………….   142

• Kazakhstan………………………………….. 131

• India……………………………………………….. 128

Poor people of India are telling Finance Minister ,Pranabda :

“ Sir, we don’t need your white paper. We need our black money back” 

With regards

HEMEN  PAREKH