Saudi Arabia


Black Money 1

In Black Money, Frontline correspondent Lowell Bergman investigates this shadowy side of international business, shedding light on multinational companies that have routinely made secret payments — often referred to as “black money” — to win billions in business. “The thing about black money is you can claim it’s being used for all kinds of things,” the British reporter David Leigh tells Bergman. “You get pots of black money that nobody sees, nobody has to account for, … you can do anything you like with. Mostly what happens with black money is people steal it because they can.” Leigh knows. In […]


Financial Corruption costs developing world Trillions

Illicit Financial Flows From Developing Countries: 2001-2010 A new report by Global Financial Integrity, a Washington-based group that campaigns for financial accountability reports that crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds keep growing, led by China which accounted for almost half of the $858.8 billion in dirty money that flowed into tax havens and Western banks in 2010, more than eight times the amounts for runners-up Malaysia and Mexico. “Astronomical sums of dirty money continue to flow out of the developing world and into offshore tax havens […]