Black money: U.N. meet endorses India’s concern

In a major push towards recovering black money stashed in safe havens abroad, a U.N. conference here on Sunday endorsed India’s suggestions on promoting global cooperation in fighting the menace of money-laundering, international terrorism and cyber crime.

The 13th U.N. Congress on Crime Prevention and Criminal Justice was held here and a Doha Declaration was adopted during the high-level segment of the meeting.

Following up on G20’s endorsement of concerns raised by it on black money, India put immense importance on the acceptance of a statement that will facilitate the eventual confiscation of “money and other assets that have not been accounted for and that are found in safe havens” and succeeded in getting adopted measures that can help achieve the goal.

A clause in the declaration prominently took care of the concern that the Indian government has been emphasising recently at all possible forums. Minister of Law and Justice D.V. Sadananda Gowda, led a high-level delegation to the Congress.Hindu