World Launders Enough Money to Buy Every Person on Earth Laptop: CJI Surya Kant

A Year's Illicit Wealth Can Buy Laptops For Everyone On Earth: Chief Justice

Chief Justice Surya Kant also said the very nature of illicit wealth and economic crime was neither honoured the sovereignty that otherwise shields legal structures from foreign interference

World launders enough money to buy a laptop for every person on earth: Chief Justice Surya Kant

Speaking of money laundering, Chief Justice Surya Kant said the world launders have enough money to buy a laptop for every one of the eight billion people on the planet.

Black money could buy 8 billion laptops, but less than 1% recovered: CJI Kant

Chief Justice of India Surya Kant said at Cambridge that the fight against economic crime must focus on tracing, freezing and recovering criminal proceeds. He said less than 1 per cent of illicit wealth is recovered and urged cross-border cooperation within the rule of law.

World launders enough money to buy every person on earth laptop: CJI Surya Kant

Justice Kant emphasised that economic crime was ultimately about “taking the profit out of crime”, invoking two legal maxims

For every 100 laundered, only 1 recovered by authorities: CJI

India News: NEW DELHI: Chief Justice of India Surya Kant said for every Rs 100 laundered, authorities and law enforcement agencies recovered only Re 1, mainly bec.

Economic Crime is Centuries Old, but Global Cooperation Must Catch Up: CJI Surya Kant

Get latest articles and stories on India at LatestLY. Chief Justice of India Justice Surya Kant has warned that the global fight against economic crime cannot remain confined to speeches and reports, pointing out that less than one per cent of illicit wealth is recovered despite the enormous scale of money laundering worldwide. India News | Economic Crime is Centuries Old, but Global Cooperation Must Catch Up: CJI Surya Kant.