RM400 million a day of black money disappeared from Malaysia! Based on the reported RM150 billion/year that vanished. According to the Washington-based financial watchdog Global Financial Integrity (GFI), in 2009 alone RM 150 billion (US$47 billion) in illicit money was illegally siphoned out of Malaysia. The latest GFI report, by economists Sarah Freitas and Dev Kar, who is a former senior economist at the International Monetary Fund, stressed that these illicit outflows are basically illicit transfers of the proceeds of bribery, theft, kickbacks and tax evasion.” In other words, it refers to corruption money or black money that is obtained illegally…… ENOUGH OF TAIB, ENOUGH OF UMNO, NOT ANOTHER DAY!
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