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Fighting imported corruption

The anger that we feel against today’s “elite” bribe-takers in India comes with a major question: where does that money go? How are such massive amounts of ill-gotten wealth laundered without being easily traced? When Sukh Ram took his cut, he could still put it in suitcases, but when Madhu Koda raked it in, the sheer volume meant he had to be much more creative. Benami land transactions and real estate purchases are possible, but large and frequent purchases are not easy to hide. Discreet foreign jurisdictions have, therefore, become the preferred destination for bad money.

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