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Corruption: Moving money out of purgatory (The Financial Times)

It is difficult enough for law enforcement agencies to successfully bring international graft cases and seize stolen assets. But it is proving just as difficult to return the money to the citizens without it landing back in the hands of the thieves. “When you think about the money that’s stolen it’s like an inverted pyramid,” says Shruti Shah, vice-president of programmes and operations at Transparency International USA. “The top is the money that’s stolen. A smaller percentage is frozen and a minuscule percentage is actually returned. Read more

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