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Illegal Capital Flight Handicaps Asian Economies
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Illegal Capital Flight Handicaps Asian Economies

Our Correspondent
Dec 22, 2012
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Illegal Capital Flight Handicaps Asian Economies
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The recent report by Global Financial Integrity, a US-based group aimed at improving governance, contains some mind-boggling data about the prevalence of illicit money transfers costing developing countries hundreds of billions of dollars.

The bottom line, the report says, is that over the past 10 years these countries have lost a total of US$5.8 trillio…

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