The article relates to efforts being made mirroring on pressure from community activists in a growing number of countries to recover assets from ousted political leaders. It has come at a time of improved co-operation from nations to which many misappropriated funds have been channelled. The White House and African leaders announced a US-Africa Partnership to combat illicit finance, and senior diplomats called on the world’s richest nations to toughen their laws against money laundering and tax evasion.The Stolen Asset Recovery Initiative (Star) in Washington estimates up to $40bn is lost each year to developing countries through corruption and only $5bn was returned in the 15 years till 2011. Most is never found. Examples of leaders accused of misappropriating fnds are given in the article.
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