Monday, May 13, 2013

Ethiopia Lost $16.5 Billion to Illegal Smuggling of Cash

Last week police in Ethiopia conducted a high-profile corruption sweep in Addis Ababa, the biggest of its type in the Capital in more than ten years, arresting 13 people, including a Minister and his deputy in charge of the Ethiopian Revenues and Customs Authority. But how big is corruption in Ethiopia on the global scale? We placed a phone call to the Washington, D.C office of Global Financial Integrity (GFI), which tracks illicit financial...