I read with interest with regards to the Finance Minister’s comment relating to early success in combating illicit money.
-----------------------------------------------------------------------------------------------------------
Early success’ by special taskforce on illicit outflows
Speaking to reporters after launching Bank Negara Malaysia’s Financial Blueprint 2011-2020, Najib (right) said the taskforce has especially been successful in curbing one source of leakage – tax evasion.
Najib said tax revenue for 2011 is expected to be a whopping RM22 billion more than last year,
Najib was commenting on a study by financial watchdog Global Financial Integrity (GFI) which found that Malaysia had lost an astounding RM150 billion in 2009 alone through illicit means.
The PM, who is also finance minister, added that the haemorrhage has however not affected the domestic economy.
----------------------------------------------------------------------------------------------------------