News articles on Black Market Activities

Corrupt Russian Officials steal $120 Billion

Reuters reports on the rampant corruption in Russia. 

From Reuters (via MSNBC): 

Corrupt officials are raking off a sum equivalent to one third of Russia’s annual budget, or $120 billion, a senior prosecutor was quoted as saying Friday.

President Dmitry Medvedev has pledged to crack down on corruption, which he acknowledges is rampant. Economists say the problem threatens to curb the country’s rapid economic growth.

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Date
June 9th, 2008

Author
havocscope

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