Thursday, February 11, 2010

Big , black& booming :black money

The growth of the parallel economy is distorting the legal economy.But the authorities are unable and unwilling to intervene.
Pricey politics: Political parties routinely fund their election expenses with crores in illicit money.
India's inaction on money laundering does not surprise Indians.But the US' track record is much better.
9/11 EFFECT:The atttack on the twin towers was funded by $300000 in hot money coming through varios conduits from Osama .

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