Thursday, July 24, 2008

Indians' black money in Swiss banks

Indians have $1456 billion in Swiss banks. This amount is about 13 times larger than the country’s foreign debt. With this amount every indian gets Rs.50,000. Once this huge amount of black money and property comes back to India, the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of the interest will be more than the annual budget of the Central government. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably.

Black money in Swiss banks -- Swiss Banking Association report, 2006 details bank deposits in the territory of Switzerland by nationals of the following countries:

Top five

India---- $1456 billion
Russia---$ 470 billion
UK-------$390 billion
Ukraine- $100 billion
China-----$ 96 billion

Now do the maths - India with $1456 billion or $1.4 trillion has more money in Swiss banks than rest of the world combined. Public loot since 1947: Can we bring back our money? It is one of the biggest loots witnessed by mankind -- the loot of the Aam Aadmi (common man) since 1947, by his brethren occupying public office. It has been orchestrated by politicians, bureaucrats and some businessmen. The list is almost all-encompassing. No wonder, everyone in India loots with impunity and without any fear.

For more information,

http://www.merinews.com/catFull.jsp?articleID=137213

3 comments:

  1. shame on indian politicians who have looted the country. specially on congress who is not prepared to take steps to bring this money back in response to advani's call. is the source authentic with regard to quantum of money?

    ReplyDelete
  2. Around one year bank, Swiss government announced this, and they also said, government of any country can request the details of the accounts of their citizens.

    The same has been published in all the major news papers.

    ReplyDelete