Indian Black Money in Swiss Bank

LOOK WHERE OUR MONEY IS GOING????

Revelation on Swiss Bank Accounts "who can save India no one knows
where tax payer money is going "

Revelation on Swiss Bank Accounts

This is so shocking . . . . wish black money deposits was an Olympics event . . . . .
India would have won a gold medal hands down.

The second best
Russia has 4 times lesser deposit.US is not even there in the counting in top five !!

India has more money in Swiss banks than all the other countries combined !!!!

Recently,due to international pressure,Swiss govt. agreed to disclose the names of the account holders only if the respective govts formally asked for it. Indian govt. is not asking for the details . .. . no marks for guessing why ????

We need to start a movement to pressurise the govt.to do so !!This is perhaps the only way,and a golden opportunity, to expose the high and mighty and weed out corruption !!

Is India poor, who says?Ask Swiss banks With personal account deposit bank of $1500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country's foreign debt,one needs to rethink if India is a poor country?.

DISHONEST INDUSTRIALISTS,scandalous politicians and corrupt IAS, IRS, IPS
officers have deposited in foreign banks in their illegal personal accounts
a sum of about $ 1500 billion,which have been misappropriated by them..

With this amount 45 crore poor people can get Rs 1,00,000 each.This huge amount
has been appropriated from the people of India by exploiting and betraying them.

Once this huge amount of black money & 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 inearning interest,the amount of 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. .

Some 80,000 people travel to Switzerland every year,of whom 25,000 travel
very frequently. 'Obviously,these people won't be tourists.They must be travelling there for some other reason,'believes an official involved in tracking illegal money.
And,clearly, he isn't referring to the commerce ministry bureaucrats who've been flitting in and out of Geneva ever since the World Trade Organisation (WTO)
negotiations went into a tailspin!

Just read the following details and note how these dishonest industrialists,
scandalous politicians, corrupt officers,cricketers, film actors, illegal sex trade
and protected wildlife operators, to name just a few,sucked this country's wealth and prosperity. This may be the picture of deposits in Swiss banks only.
What about other international banks?

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

Top Five
1. India ---- $1,456 billion
2. Russia ---$ 470 billion
3. UK -------$390 billion
4. Ukraine - $100 billion
5. China -----$ 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.

No wonder,everyone in India loots with impunity and without any fear.What is even more depressing in that this ill-gotten wealth of ours has been stashed
away abroad into secret bank accounts located
in some of the world's best
known tax havens.
And
to that extent the Indian economy
has been stripped of its wealth..

Ordinary Indians (now recently named as slumdogs, by proud Indian Film Stars)
may not be exactly aware of how such secret accounts operate and what are the rules and regulations that go on to govern such tax havens. However, one may well be aware of 'Swiss bank accounts,' the shorthand for murky dealings, secrecy and of course
pilferage from developing countries into rich developed ones.

In fact,some finance experts and economists believe tax havens to be a conspiracy of the western world against the poor countries. By allowing the proliferation of tax havens in the twentieth century, the western world explicitly encourages the movement of scarce capital from the developing countries to the rich..

In March 2005, the Tax Justice Network (TJN) published a research finding
demonstrating that $11.5 trillion of personal wealth was held offshore by rich individuals across the globe.The findings estimated that a large proportion of this wealth was managed from some 70 tax havens.

It is further estimated by experts that 1 % of the world's population holds more than 57 % of total global wealth,routing it invariably through these tax havens.

How much of this is from India is anybody's guess.What is to be noted here is that most of the wealth of Indians parked in these tax havens is illegitimate money acquired through corrupt means.

Naturally, the secrecy associated with the bank accounts in such places is
central to the issue, not their low tax rates as the term 'tax havens' suggests.
Remember Bofors and how India could not trace the ultimate beneficiary of those transactions because of the secrecy associated with these bank accounts?

IS THERE ANY ONE WHO CAN SAVE INDIA ?