HALISTER1: India to Verify If $505b Left Country Between 2004–2013

India to Verify If $505b Left Country Between 2004–2013

(Bloomberg) -- Special Investigation Team has asked the Directorate of Revenue Intelligence to verify a Global Financial Integrity report that estimated “illicit” financial outflow of $505b: govt statement.
  • SIT to take action after getting DRI report
  • Trade-based money laundering major source through which illicit money is taken out of country: SIT
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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