Less dirty money in India?

Less dirty money in India?
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First Published: Fri, May 25 2007. 10 03 AM IST

Updated: Fri, May 25 2007. 10 03 AM IST
According to a study by Factiva.com, a database of about 10,000 publications, India improved its rank by one place on a benchmark of how often it is referenced in international media with reference to money laundering or major corruption cases. Though the exercise doesn’t exactly capture the incidence of money laundering in India, it is seen indicative of the illegal activity. India’s 5,045 mentions are broken down in the following categories: corruption accounted for 60% of the citations followed by fraud with 29%, money laundering with 7%, politically-exposed persons with 2.5% and 1.5% terrorist financing.
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First Published: Fri, May 25 2007. 10 03 AM IST
More Topics: Money Matters | Currency |