The investments appear among a leak of 13.4 million files from two offshore service providers and the company registries of 19 tax havens.

A whopping $51 billion siphoned out of the country per annum between 2004-2013, a US-based think-tank's report has said.

In 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...

Overall, just in 2012, nearly a trillion dollars ($991 billion) in illicit capital flowed out of developing and emerging economies the stud...

China 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...

Considered to be a longtime authority on financial crime, Baker had recently co-authored an open letter to G20 leaders on the topic prior t...

Excerpts from an earlier interview with GFI director Raymond W Baker, an expert on black money and tax evasion, by ET on India's battle wit...

"USD 123 billion is a massive amount of money for the Indian economy to lose," said Dev Kar, GFI lead economist and co-author of the report.

Even the government must find GFI's praise surprising, pleasantly of course, because the white paper was damning on the GFI study.

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...

Global Financial Integrity (GFI) on Friday called on leaders of the G8 bloc of nations to concretely tackle the issue of illicit financial ...

GFI director Raymond W Baker, an expert on black money and tax evasion, is in India to meet tax officials to suggest ways to further check ...

Several international civil society organisations on Wednesday launched a global campaign appealing to French President Nicolas Sarkozy and...

Post independence, India lost a staggering $ 462 billion in illicit financial flows due to tax evasion, crime and corruption.

The official on Friday moved SC to make declaration of foreign bank accounts mandatory while filing returns.

A US-based organisation has ranked India fifth in the list of 160 developing countries suffering from the outflow of huge amounts of money ...

India ranks fifth globally among 127 developing countries for illicit financial outflows, according to a report released by the Global Fina...