At USD 83.5 bn, India has 3rd highest trade-related illicit financial flow globally: ReportThe GFI classifies as illicit flows funds which are illegally earned, transferred, and/or utilised across an international border. The prim...
TCS, Gfi Informatique unveil smart city solution in FranceThe solution, which uses big data analytics, is a collaboration between the city's Board of Public Transportation, Gfi Informatique and TCS.
TCS, Gfi partner for smart cities programmes in FranceCountry's largest software service firm Tata Consultancy Services said it has partnered with Gfi Informatique to collaborate on smart citie...
Focus more on curtailing outflow of black money: US-based Global Financial Integrity to IndiaIn a report last month, GFI said that the outflow of black money from India to foreign countries has increased nine-fold from USD 10 billio...
Black money: Rs 6 lakh crore illegally taken out of India in 2012Overall, just in 2012, nearly a trillion dollars ($991 billion) in illicit capital flowed out of developing and emerging economies the stud...
Black money outflow from India increases nine-foldIndia has replaced Malaysia as the fourth largest exporter of black money after China, Russia and Mexico for the 10-year period from 2003-2...
India third on black money list; $440-billion flows out in 10 yearsChina is on the top with $249.57 billion, followed by Russia with $122.86 billion in terms of the quantum of black money moving out of a co...
G20 fails to make substantive progress on black money, claims GFI presidentConsidered to be a longtime authority on financial crime, Baker had recently co-authored an open letter to G20 leaders on the topic prior t...
Black money: In 2011, Rs 4 lakh crore went out, a 24 per cent riseIn 2011, over Rs 4 lakh crore worth of black money was illegally taken out of India, a new report by the international watchdog Global Fina...
‘India lost $ 123 bn in black money in 10 years’India lost nearly $123 billion in black money between 2001 and 2010, making it the eighth largest victim of illegal financial outflow.
- GFI okay with govt's black money fight despite white paper censure
Even the government must find GFI's praise surprising, pleasantly of course, because the white paper was damning on the GFI study.
- Black money a problem, but no magic solutions: Manmohan Singh
As G20 countries worked on steps to tackle black money, PM has said it is a problem but no "magic solutions" were available to deal with me...
- GFI calls on G8 to tackle illicit financial flows
Global Financial Integrity (GFI) on Friday called on leaders of the G8 bloc of nations to concretely tackle the issue of illicit financial ...
- $128 billion siphoned out of India in a decade
A report has calculated that between $104 bn and $128 bn was illegally siphoned out of India in the decade spanning 2000 to 2009.
- India sees illicit fund outflows of $128 bn in 2000-09 period
India witnessed illicit financial outflows of a staggering USD 128 billion during the 10 years to 2009, making it one of the biggest victim...
- India's illicit financial outflows estimated at 20.92 lakh crore
A report of GFI has estimated the total value of illicit money that has flown out of India at $462 billion (about Rs 20.92 lakh crore), Par...
- $27bn flows out illegally every year from India
A US-based organisation has ranked India fifth in the list of 160 developing countries suffering from the outflow of huge amounts of money ...