Economy - Voice of America: Mbeki: Multiationals Siphon $50B in African Capital

Economy - Voice of America economy-and-business

Mbeki: Multiationals Siphon $50B in African Capital Aug 15th 2012, 15:29 NAIROBI — Former South African President Thabo Mbeki says multinational corporations are responsible for much of the illegal transfer of money out of Africa that is costing the continent tens of billions annually.  Mbeki, chairman of the U.N.-mandated High-Level Panel on Illicit Financial Flows from Africa, told reporters the group has begun looking into the illegal export of capital from the continent after meeting in Kenya's capital on Wednesday.  "It's clear that part ... Media files: F65953FF-A12E-4ABC-8BCB-F7DAD35499C3_cx0_cy3_cw99_w800_r1.jpg (image/jpeg, 0 MB)

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