USD 50 bn siphoned out of Russia in 2012: Central Bank Governor

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USD 50 bn siphoned out of Russia in 2012: Central Bank Governor By TII News Service Feb 25, 2013 , New Delhi
AS per various media reports, the Central Bank of Russia has revealed that as much as USD 50 bn was illegally siphoned out of Russia last year. This figure is close to the figure of USD 62 bn guesstimated by the Global Financial Integrity for Russia. As per Governor of the Central Bank, there is a well-oiled group of people involved in such transactions but Kremlin has reportedly found this figure 'exaggerated'.

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