For every 100 laundered, only 1 recovered by authorities: CJI Surya Kant

Economic crimes move faster than treaties; global cooperation key to recovery: CJI Surya KantNEW DELHI: Chief Justice of India Surya Kant said for every Rs 100 laundered, authorities and law enforcement agencies recovered only Re 1, mainly because of the ingenuity of economic offenders, and lack of global cooperation on extraditing fugitives.Money laundered globally in a year was more than enough to buy every single person on earth a modest laptop, CJI said at the 43rd International Symposium on Economic Crime in Cambridge Saturday. "...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."CJI Surya Kant quoted ancient Indian statesman Kautilya’s Arthashastra, which had recorded that it was imposs