RM400 million a day of black money disappeared from Malaysia! Based on the reported RM150 billion of black money a year that disappeared. Reports: According to the Washington-based financial watchdog Global Financial Integrity (GFI), in 2009 alone RM 150 billion (US$47 billion) in illicit money was illegally siphoned out of Malaysia. The latest GFI report, ‘Illicit Financial Flows from Developing Countries Over the Decade Ending 2009', is penned by economists Sarah Freitas and Dev Kar, who is a former senior economist at the International Monetary Fund. They stressed that these illicit outflows are basically "unrecorded capital leakages through… illicit transfers of the proceeds of bribery, theft, kickbacks and tax evasion." In other words, it refers to corruption money or black money that is obtained illegally... ENOUGH OF TAIB, ENOUGH OF UMNO, NOT ANOTHER DAY!
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RM400 million a day of black money disappeared from Malaysia! Based on the reported RM150 billion of black money a year that disappeared. Reports: According to the Washington-based financial watchdog Global Financial Integrity (GFI), in 2009 alone RM 150 billion (US$47 billion) in illicit money was illegally siphoned out of Malaysia.
The latest GFI report, ‘Illicit Financial Flows from Developing Countries Over the Decade Ending 2009', is penned by economists Sarah Freitas and Dev Kar, who is a former senior economist at the International Monetary Fund. They stressed that these illicit outflows are basically "unrecorded capital leakages through… illicit transfers of the proceeds of bribery, theft, kickbacks and tax evasion." In other words, it refers to corruption money or black money that is obtained illegally... ENOUGH OF TAIB, ENOUGH OF UMNO, NOT ANOTHER DAY!
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