$6.2 billion illegally taken out of Armenia in 10 years REPORT

A report showed $6.2 billion had illegally been taken out of Armenia as a result of government corruption, tax evasion and other illicit financial dealings in 2002-2011, Asbarez reported.

The report "Illicit Financial Flows from Developing Countries: 2002-2011," published by Global Financial Integrity suggest that developing nations have lost some $6 trillion in illegal financial outflows.

Armenia has been ranked 71th in the list.

Topping the list are China and Russia respectively. Armenia’s neighbor to the north, Georgia, was ranked 78th with $4.5 billion in such funds

(News.am)

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