Black Money
Black Money is a term used to describe illicit money that is not reported to tax authorities. It can come from various sources, including tax evasion, and illegal and corrupt activities, such as extortion and bribes. Whistleblowers often play a crucial role in exposing black money schemes, as they may know about schemes as employees with inside information. They can provide evidence igniting or supporting regulatory investigations.
Exposing and reporting black money helps to protect public funds lost due to tax evasion and other illegal activities.