27 Apr 2011

Total black money in India?

Swiss bank revealed India has more money than rest of the world

This is so shocking.. ..If 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. U.S. 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, the Swiss government agreed to 
disclose the names of the account holders only if the respective 
governments formally asked for it.. Indian government is not asking for 
the details... ..no marks for guessing why?

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

Please read on..and forward to all the honest Indians to.. 
like somebody is forwarding to you... 
and build a ground-swell of support!for action ! 

Is India poor, who says? Ask the Swiss banks. With personal account 
deposit bank of $1,500 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. This amount is about 13 times larger 
than the country's foreign debt. 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 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 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 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 
details bank deposits in the territory of Switzerland by nationals of 
following countries : 




U.K. $390 BILLION 



Now do the math's - India with $1,456 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. 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 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. Further, augmenting these studies of 
TJN, Raymond Baker - in his widely celebrated book titled 
'Capitalism' s Achilles Heel: Dirty Money and How to Renew the 
Free Market System' - estimates that at least $5 trillion have 
been shifted out of poorer countries to the West since the mid-1970. 

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

How much of this is from India is anybody's guess ...???? 
if India is doing like this the annual tern over will be less and our market will have to close down (BSE\NSE) 

we have to trace out the black money when the polities have kept ? where there they use ? but they don't have correct tax details . all are illegal only

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