2 days ago
CJI Surya Kant Highlights Global Money Laundering Recovery Gap
Chief Justice Surya Kant spoke about the worldwide problem of money laundering.
Money laundering means handling wealth in ways that hide where it came from.
He said that very little of this wealth is actually recovered or corrected.
He compared it to 100 parts of money, where only one part is put right.
The other 99 parts are mostly mentioned in speeches and reports.
He shared this comparison at a gathering in Cambridge.
He said the problem was an important reason people had gathered that week.
His message was that discussing the problem is not enough and more of it must be addressed.
Chief Justice of India Surya Kant highlighted the limited recovery of money linked to global money laundering.
He said that for every 100 parts of wealth, only one part is actually put right.
The remaining 99 parts are, in his words, mainly discussed in speeches and reports.
Surya Kant made the remarks at a gathering in Cambridge.
He said the statistic explained why participants had convened that week.
- Who
- Chief Justice of India Surya Kant.
- What
- He highlighted a global money laundering crisis and said only one part out of every 100 is actually recovered or put right.
- Where
- Cambridge.
- When
- During the gathering referred to as taking place that week; no specific date was provided.
- Why
- To emphasize that speeches and reports address far more of the problem than is actually corrected.
Key facts
- Speaker
- Chief Justice of India Surya Kant
- Issue
- Global money laundering
- Recovery comparison
- One part addressed for every 100 parts of wealth
- Unaddressed share
- Ninety-nine parts are described as mainly appearing in speeches and reports
- Location
- Cambridge
- Occasion
- A gathering convened during the referenced week
Quotes
CJI Surya Kant
Chief Justice of India and speaker addressing the Cambridge gathering
“If I may present this more simply, for every hundred parts of that wealth, ninety-nine are simply referred to in speeches and reports, while only one part is ever actually put right.”
timesnownews.com
Sources
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