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Watchdog seeks lost Africa wealth (BBC)

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-10-06 01:44 PM
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Watchdog seeks lost Africa wealth (BBC)
By Genc Lamani
BBC News

An anti-corruption campaign group has urged governments in the West to help Africa recover part of the wealth lost through corruption.
***
Transparency International (TI) which leads a campaign against corruption worldwide, says the phenomenon is seriously undermining Africa's fragile democracies and hindering efforts to achieve sustainable development.
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Although difficult to quantify, analysts estimate Africa has lost more than $140bn due to corruption both by its own governments and Western companies in the post-colonial period.
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Last year, a United Nations treaty against corruption came into effect. It enables illegally acquired assets to be seized and eliminates banking secrecy protection for those under investigation.
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more: http://news.bbc.co.uk/2/hi/africa/4890162.stm

Maybe after they're done with Africa, they can help here ? We've lost a few trillion to corruption in just the last four years!
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yellowcanine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-10-06 02:23 PM
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1. Hopefully they can sieze some of Pat Robertson's ill-gotten gains
from Charley Taylor's diamond mines.
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RaleighNCDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-10-06 02:30 PM
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2. That money isn't lost - it 's just inaccessible.
I don't know how many emails I've gotten asking for help in recovering some of that money.
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-10-06 02:57 PM
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3. i thought DeBeers had it all?
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