Article courtesy:WIKI ANSWERS.COM
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 :
TOP FIVE
INDIA $1,456 BILLION
RUSSIA $470 BILLION
U.K. $390 BILLION
UKRAINE $100 BILLION
CHINA $96 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
Gandhi fasted in South Africa, to oppose the then rulers over there, he fasted in British India to oppose the then rulers in India, this chap also fasted in Union India after independence from the British, as Nehru was not willing to pay the sum of 55 crores to Pakistan. after some time Gandhi was executed in Public, the fellow who paid for the crime was Nataram Godse, the person and party to profit from this execution was Nehru and congress till today.
ReplyDeleteIf there is any money in the Swiss banks then this money belongs to the Politicians of Congress. They are the only party to run India through black money, in Goa all strong crooks join Congress. Congress manages to build Nagars in all major states of India. Bombay and Calcutta are the biggest richest slum cities of the world.
All these people who have money, has got it not from drugs or with arms as said by the Supreme court. This money is got by cheating the poor, fooling the public, keeping the public ignorant, creating havoc in peoples life. False promises given by Gandhi to his people who believed in him blindly. The poor have remained poor, or became more poor.
If the Govt has a right to know the source and income of its citizens through its various tax departments and financial institutions, the public to have a right to know how money/wealth has been amassed way beyond proportions by certain public figures. Here we are talking not in thousands or lakhs of Rupees but rather in Millions of Dollars. How and where did this money come from. The Govt's defiance in not disclosing the names and figures to the citizens is tantamount to deceiving. Where is transparency which the govt claims to follow.
ReplyDeleteAll these millions stacked away by the select few within the system needs to be accounted for. Its the common mens/public's hard earned money which should have been ploughed back into the economy for the welfare of its citizens,but instead this has been channeled away to the swiss banks, again enjoying tax free benefits.
lets now look forward for our democratic govt to show democratic & transparent principles which they claim to preach.
I hope the Goan Politicians and Black Marketeers are reading this?
ReplyDeleteChurchill the Varca Smuggler,must be in the Top Ten of the Goa League.
Miccky has his in Luxenbourgh.
It is not just Swiss Banks.Dubai features heavily too, most recently.Again Churchill must be a prime canditate here along with Mauvin Godinho and Monseratte.
With the recent Banking Crisis in the World,the collapse of Dubai World and the Swiss Government relaxing its secrecy laws...our Goan thieves and looters better watch out.
As with Tunisia and Egypt, Goa may be need to step up a gear too.
Chorchill is professional Thief and not a fool to deposited black money in Swiss Bank. He most probably deposited his black money in Dubai Banks under fake Accounts. His all children are social workers so some of money will be on their account.
ReplyDeleteChorchill, Mauvin, Babush, Madkaikar and the rest of the Chor gang of Goa have parked their money in Dubai. They have bought free-hold properties in Dubai and have opened businesses too such as sleazy hotels.
ReplyDeleteLuizinho Faleiro has parked most of his ill-gotten wealth in Australia, so too has Sardinha.
All the above named politicians be it Digambar Kamat, Mauvin Godinho, Ravi Naik, Churchill Alemao, Jaoquinm Alemao, Mikkey Pacheco, Babush Monserrate all have stacked millions and millions out in their accounts abraod after cheating the Goan exchequer and ammassing huge fortunes by promoting illegalities and criminal activities.
ReplyDelete