Task Force Welcomes India Ratifying UNCAC

May 14th, 2011

Press Trust Of India

WASHINGTON – The Task Force on Financial Integrity and Economic Development (Task Force) has welcomed India’s announcement that it has ratified the United Nations Convention Against Corruption (UNCAC).

Building upon India becoming a member of the Task Force in January 2011, the ratification yesterday comes as part of a broader effort by India’s government to tackle corruption and stem the flow of illicit capital flight estimated at approximately USD 19 billion per year, the Task Force said in a statement.

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