Real estate, election campaigns routing black money: Report
Money generated through illegal means is laundered through various means, including real estate and election campaigns, in India, a report of the US State Department has said.
“High-level corruption both generates and conceals criminal proceeds. Illicit funds are often laundered through real estate, educational programs, charities, and election campaigns. Companies use trade-based money laundering to evade capital controls,” the International Narcotics Control Strategy Report 2012 has said.