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The CPI(M) Polit Bureau said it is imperative that the UPA government demand details of Indian account-holders from Swiss banks and from banks in other tax havens.
“In the case of India, it is not only a case of tax evasion but also of funds being illegally stashed abroad, or used for money laundering,” the CPI(M) said in a statement.
The CPI(M) reminded the government that UBS, the largest Swiss Bank, has agreed to provide information to the US of account-holders who are suspected to have evaded taxes in America while British Prime Minister Gordon Brown has also called for such an action.
“If the (UPA) government is serious about stopping black money and raising resources to meet growing economic crisis, it must take steps to bring back the unaccounted, or, ill-gotten wealth of Indians abroad,” the party said.
The Swiss banks with secret accounts are known to hold substantial sum of money deposited by Indians, it said adding “these funds amounting to billions of dollars were either illegally taken out of the country or were deposited in Switzerland and other tax havens instead of being repatriated to India.”
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Need Revolution for this Matter. Some peoples tortured for 100 rs and some , But black money big shots are sleeping happily. is this govt working properly?. Need to Do. We need justice.
With reference to BJP Leader SriL.K. Advani‘s assurance that all Black moneys to the tune of Rs 75 lakh crores of Indian currencies in the form of deposits in Swiss Bank will be released and utilized for India Nation Building infra structure work like power, Port, Road, Telecom and other developments if BJP comes to Power in the coming LS Polls 2009 and it is endorsed by MODI .Now President OBAMA of USA also stated in his speech that his government also in search of Black monies deposited in SWISS BANK from U S Citizens . Every body knew the law of conservation of momentum that Energy can neither be created nor be destroyed; like that entire currencies in GLOBAL market are not vanished but it is diverted to SWISS BANK and real estates by BIG Crocodiles to evade Tax payable to government of India .We Citizen of India awake, arise to BJP leaders statement and to pressurize the government to bring back all black Monies deposited in Swiss Bank to India for constructive Infrastru
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?.CJ: Ramesh C. Manghirmalani, 13 Jul 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.
no indian politicians hav heart to bring back money from swiss banks because they all are corrupt.
every problem has some solutions....... so we just try to do something...... how to get the politicians black money details?
Most Indian politicians have illegally acquired wealth (bribe money) stashed away in offshore accounts. Hence the reluctance of the government to demand the publication of the names of Indian holders of secret Swiss accounts. If only this wealth was made available for the development of the country, the alleviation of poverty, the amelioration of the lives of the poor, etc.!
Black money stashed in the swiss banks mostly by our honorable politicians amount to roughly 1.5 trillion dollors which is 50% more than the GDP of the country, twice the amount of bail out, Obama gave to the US economy which is 15 times bigger than ours.. But apparently we Indians have accepted bribrs as the way of life. Did media also dig more into the story ?? The enormity of black money accumulated by our leaders can be gauged from the fact that more than 1000 companies the size of Satyam can be bought with that money.. Hopefully someday there will be people in our country who will try to bring that money back and give it back to people from whom it was looted... I urge the media to highlight this issue more and get Indians the justice.. A Jessica Lal case kind of activism is required here..
Let us start with Pinaryai Vijayan.Congress ministers are insulated even from RTI.