‘At least $1trn a year is being “stolen” from the world’s poorest countries by criminals and corrupt officials who siphon cash through money laundering, tax evasion and embezzlement.
The staggering cost of corruption is revealed in a study published today by ONE, the anti-poverty group co-founded by the rock star Bono. It calls on the G20 group of rich nations, including Britain, to expose the anonymous shell companies which are used to “rip off” poor countries. According to ONE, the millions diverted from poverty-stricken nations is channelled through banks and secret companies in places including London, Delaware and Hong Kong.’
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