'India 4th largest in Asia for illicit money flows', China Tops list

India is Asia’s fourth largest exporter of illicit capital with an estimated outflow of a whopping USD 104 billion between 2000 and 2008, according to a US-based think tank which ranks China as the number one source of illegal money. In its latest report on illicit money, Global Financial Integrity (GFI), a Washington-based think tank, said Asia continues to produce the largest portion of illicit flows, almost half-trillion dollars in 2008 alone.

According to figures of illicit flow of money released by this think tank, China tops the list and is several times that of India.

Between 2000 to 2008, GFI estimated that the outflow of illicit money from China was USD 2.2 trillion. Malaysia follows a distant second with USD 291 billion.