Is India poor ? Ask Swiss Banks

With personal account deposit bank of $1500 billion (Rs. 64.5 lac Crores) 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.

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 details bank deposits in the territory of Switzerland by nationals of following countries:

Top five

India---- $1,456 billion
Russia --- $ 470 billion
UK ------- $ 390 billion
Ukraine - $100 billion
China -----$ 96 billion

Now do the math - 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.

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 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.



IS THERE ANY ONE WHO WOULD SAVE INDIA ? God... No No No, even he can't....... ....!!





Please read this:

The Germans offered the names to any country that asked for it. Curiously, India, with a history of black money stashed abroad, has shown no interest in the list; it still has not made a request for details. On February 14, Deutsche Post CEO Klaus Zumwinkel was arrested in Berlin for Tax Evasion. His name was on a DVD that BND, Germany's intelligence agency, bought from a former bank employee of the LTG Group, run by Liechtenstein' s ruling dynasty. The disc had the names of 1,400 account holders of the LTG Group's Treuhand subsidiary. BND bought the list, dating from 2002, for Euros 4.2 million. Six hundred of the names lived in Germany, with a possible tax evasion of around Euros 5 billion; Berlin launched 125 tax investigations. On February 25, German finance ministry spokesman Thorsten Albig announced that the names and details of the other 800 account holders would be given to their respective countries, at no extra cost. All the countries had to do was ask for them. Finland, Norway and Sweden promptly asked. The USA, Australia, France, UK, Ireland, Italy, Canada, New Zealand and Spain subsequently put in requests. The Americans are now investigating 100 potential tax evaders on that list. Independently, the British stumbled onto information on 400 Italians with accounts at a Liechtenstein bank, and leaked it to the media.

India, however, which has long tried to uncover details of bank accounts in Switzerland and St Kitts, has not made a request. It should be made by the finance ministry through the ministry of external affairs, for it is something that concerns the Central Board of Direct Taxes, the Directorate of Enforcement and the Central Bureau of Investigation. Though the government is aware of the developments in Germany, till date, no request has gone, informed sources told this website's newspaper. Incidentally, Liechtenstein' s Prince Hans-Adams II, the owner of the LTG group, has visited India, to a warm welcome by our political class.