India figures among the top three countries that witnessed highest outflow of black money in 2012. An international think-tank says, the country witnessed an estimated outflow of black money worth 94.76 billion US dollars or nearly 6 lakh crore rupees during 2012. As per the latest estimates released by the Global Financial Integrity, GFI, the cumulative black money moving out of the country over a ten-year period from 2003 to 2012 has risen to 439.59 billion US Dollars or 28 lakh crore rupees. Russia is on the top with 122.86 billion dollars, followed by China at the second position with 249.57 billion US dollars in terms of the quantum of black money moving out of a country for 2012, the latest year for which these estimates have been made. The Washington-based research and advocacy group said that the illicit fund outflows from India accounts for nearly 10 per cent of a record 991.2 billion dollars worth illegal capital that moved out of all developing and emerging nations in 2012 to facilitate crime, corruption, and tax evasion. As per GFI's 2014 Annual Global Update on Illicit Financial Flows report, the cumulative illicit outflows from developing economies for ten years between 2003 and 2012 stands at 6.6 trillion Dollars. This includes 439.59 billion dollars worth black money that moved out of India in these ten years, putting the country at fourth position in overall ranking for a decade, after China, Russia and Mexico. The GFI said, in these ten years, an average of 43.96 billion Dollars of black money is being sent out of India every year.A Supreme Court-constituted Special Investigation Team recently traced 4,479 crore rupees in the accounts of Indians figuring in a list of account holders of HSBC's Geneva branch. Besides, the SIT also disclosed tracing unaccounted wealth worth 14,958 crore rupees within India, which are now being investigated by the Enforcement Directorate and the Income Tax Department.