Johannesburg

The BRICS grouping of emerging market nations is leading the flight of illicit capital from the developing world, according to data in a new report released this week.

In its annual estimate of illegal capital flows, Washington-based think-tank Global Financial Integrity (GFI) said a record US$991 billion was siphoned in 2012 from the world's developing economies, an increase of almost 5 per cent from 2011.