Is India poor, who says? Ask Swiss banks

[Guest dada_rocks]

http://www.merinews.com/catFull.jsp?articleID=137213 Old news but needs to be revived 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 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---- $1456 billion Russia---$ 470 billion UK-------$390 billion Ukraine- $100 billion China-----$ 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. 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. 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 WOULD SAVE INDIA ?God... No No No, even he can’t..........!!

[sandeep]

swiss bank association gave data on deposits by country of origin, huh? nice. I have a bridge in jhumru taliyya i can sell to you guys too.

[varun]

swiss bank association gave data on deposits by country of origin' date=' huh? nice. I have a bridge in [i']jhumru taliyya i can sell to you guys too.

You can download the reports from http://www.swissbanking.org/en/home/shop.htm I haven't verified if the said item exists as the OP points out in the reports, but just so you know.

[Sachinism]

That is sickening Why would anyone need so much money, ****ing greedy bastards Instead of putting your money there and then losing it when you die, use it to help others

[sandtest]

In fact There was some news in past that Swiss bank was actually ready to release the name of particular person who got money parked in their accounts -- provided -- that COUNTRY OFFICIALLY requests the bank through proper channel (Swiss government approval) Swiss bank did this under pressure from United Nations which was rightly concerned that some of the Swiss Account Holders might have criminal/financial crime records in their respective countries. As expected Indian government TOTALLY Ignored this new rule and understandably Indian media was tight lipped about giving this rule change ANY coverage in India. Also it is widely believed that some of hughly influencial Neta baboos of India like "Holy family" of Gandhi, our Lalooji's family, Sharad Pawars' son-in-law Sadanand Sule, devegauda family, beaurocrats and IAS afsars, even Pramod Mahajan had their money parked in Swiss accounts.

[Guest dada_rocks]

In amanda Marcos case it was released that certain Rajeev Gandhi has one account worth 2 billion dollar .. GOI cud have pursued it further.. but it didn;t happen.. Swiss govt is willing to disclose but GOI has to ask.. Chump from more or less every party have their money parked in swiss bank.. I am told by my cousins ips officers that every Sp/Dm is worth at least 100 croire and those money remain parked in swiss bank.. For politicians thee figures run in 10-20 thousand crores.. What I wonder is how these mofos sleep at night with that kind of corruption in face pf hope-seeping penury of bulk of india

[Guest dada_rocks]

swiss bank association gave data on deposits by country of origin' date=' huh? nice. I have a bridge in [i']jhumru taliyya i can sell to you guys too.

In normal cirucmstances it doesn't but usa pressure gets alot of things done.....As of today they are open to reveal even the gory details provided official request from the govt of any country comes..

[siddhu]

holy crap!!!.... This really made my blood boil too... Just imagine what our infrastructure situation would have been with all that money. We would have probably overtaken China (or at least been in real close competition) right now, instead of playing catchup.

[Ram]

$1450 Billion..I bet 3/4th of that is money from politicans.

[Lurker]

In amanda Marcos case it was released that certain Rajeev Gandhi has one account worth 2 billion dollar .. GOI cud have pursued it further.. but it didn;t happen.. Swiss govt is willing to disclose but GOI has to ask.. Chump from more or less every party have their money parked in swiss bank.. I am told by my cousins ips officers that every Sp/Dm is worth at least 100 croire and those money remain parked in swiss bank.. For politicians thee figures run in 10-20 thousand crores.. What I wonder is how these mofos sleep at night with that kind of corruption in face pf hope-seeping penury of bulk of india

Dont you feel a tad ashamed to say anything without ownership at all??? Who alleged this? When was it alleged? Please put forward any substantiative media to further your case. Dont just yap without any merit. And just so you know 2 billion in 80s would make Rajeev Gandhi the richest Indian, probably one of the top 10 in Asia even. Bhai thora to hosh mein baat kiya karo?? Jab dekho tab Congress yeh Congress woh. :hehe::hehe:

[Guest dada_rocks]

Dont you feel a tad ashamed to say anything without ownership at all??? Who alleged this? When was it alleged? Please put forward any substantiative media to further your case. Dont just yap without any merit. And just so you know 2 billion in 80s would make Rajeev Gandhi the richest Indian, probably one of the top 10 in Asia even. Bhai thora to hosh mein baat kiya karo?? Jab dekho tab Congress yeh Congress woh. :hehe::hehe:

Due to people like you morons get to flinch public money without any guitl and any accountability.. if you had bothered to read what i had posted on this forum itself today you wud not have been crapping like a maniac in defence of Rajeev gandhi I an sure that;s the name which drove you crazy. although there is around trillion dollar so Rajeev gandhi alone could nto be the benficiary .. now have some shame and search on this forum itself my previous posts.. i can;t keep blooding showing you guys mirror and you keep shutting your eyes and next time turnign around asking the same bloody question'.. Have some bloody self respect too much worshippng of thugs from nehru family.. Those who really care have read that post.. Yes it was from M J Akbar where he insinauted the best he can lest some nehru familymanaic follower like you might drag him to court..

[Guest dada_rocks]

[ame=http://www.youtube.com/watch?v=6vX64jdbJh0]YouTube - Dr. Swamy on Sonia Gandhi's KGB money[/ame] Hear from 2:30 onwards in particular

[Lurker]

Due to people like you morons get to flinch public money without any guitl and any accountability.. if you had bothered to read what i had posted on this forum itself today you wud not have been crapping like a maniac in defence of Rajeev gandhi I an sure that;s the name which drove you crazy. although there is around trillion dollar so Rajeev gandhi alone could nto be the benficiary .. now have some shame and search on this forum itself my previous posts.. i can;t keep blooding showing you guys mirror and you keep shutting your eyes and next time turnign around asking the same bloody question'.. Have some bloody self respect too much worshippng of thugs from nehru family.. Those who really care have read that post.. Yes it was from M J Akbar where he insinauted the best he can lest some nehru familymanaic follower like you might drag him to court..

Faltoo bakwaas mat karo. Lets keep it simple. Get me some proof of where it is suggested that Rajeev Gandhi had a 2 billion dollar account. And by the way if you really do swear by MJ Akbar, should I start putting out his articles about Modi and other right wing murderers?? The shameless loony you are, like your bhagwa brigade, you will selective pick what MJ Akbar has to write. No wonder you thought Zakaria sahab was a right wing supporter! xxx

[Guest dada_rocks]

It's in simple english idiot .... Don't give me that moronic defence of nehru family.. he is clearly mentioning the finding in Amand MArcos episode where certian rahuL Gandhi had billions dollar worht of account

[Guest dada_rocks]

Meanwhile all thugs Amar Singh Ahmed Patel etc have been found not guilty by parliamentary committee.. verdict was in their favour 4-3.. Thugs investigating thugs we have got some system there in place..

[THX_1138]

Yes there is a way to bring the money back: Full amnesty for those who recover their funds and invest in the local market, tax free of course. Impose certain restrictions though: cannot purchase majority stake in public works related institutions, no hostile takeovers, and incentives for investment in educational and research institutions.

[THX_1138]

Faltoo bakwaas mat karo. Lets keep it simple. Get me some proof of where it is suggested that Rajeev Gandhi had a 2 billion dollar account. And by the way if you really do swear by MJ Akbar, should I start putting out his articles about Modi and other right wing murderers?? The shameless loony you are, like your bhagwa brigade, you will selective pick what MJ Akbar has to write. No wonder you thought Zakaria sahab was a right wing supporter! xxx

2 billion is way too much, but the Gandhis are indeed loaded.

[Lurker]

It's in simple english idiot .... Don't give me that moronic defence of nehru family.. he is clearly mentioning the finding in Amand MArcos episode where certian rahuL Gandhi had billions dollar worht of account

Arre phir wahi fata raag? If you are so convinced can you point me to exact article?? The more lines the merrier. Ke tumne kah diya aur main maan loon?

[Guest dada_rocks]

THX you have no idea what kind of money is big for these politicos.. A CM of small state like Bihar can embezzle 1200 crores rs that is around 140 million There was one chu7mp Sukhram in Himachal Pradesh who by rough estimate embezzled around 20000 crore i.e four billion dollar Mr Telgi embezzled lakhs of crores, Sharda Pawar was the chief benficiary his name came up in NARCO and this mofo was not even questioned let alone forced through NARCO like any other in similar situation have to face... $ 2 Billion was single account fo mr. Rajeev gandhi.. Where do you think that astounding sium of 25 crore each MP ManMohan Singh managed in recent confidence motion. It didn't fall from the sky for sure..

[fineleg]

THX you have no idea what kind of money is big for these politicos.. A CM of small state like Bihar can embezzle 1200 crores rs that is around 140 million There was one chu7mp Sukhram in Himachal Pradesh who by rough estimate embezzled around 20000 crore i.e four billion dollar Mr Telgi embezzled lakhs of crores, Sharda Pawar was the chief benficiary his name came up in NARCO and this mofo was not even questioned let alone forced through NARCO like any other in similar situation have to face... $ 2 Billion was single account fo mr. Rajeev gandhi.. Where do you think that astounding sium of 25 crore each MP ManMohan Singh managed in recent confidence motion. It didn't fall from the sky for sure..

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