Revelation of Swiss Bank Accounts
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 pressurise 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!
Is India poor, who says? Ask the Swiss banks. With personal account deposit
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.
1. This amount is about 13 times larger than the country's foreign debt.
2. 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.
3. If this surplus amount is invested in earning interest, the amount of
interest will be more than the annual budget of the Central
government.. .
4. 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 $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.
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 ANYONE WHO CAN SAVE INDIA ?
Above Was`Sent To Me By Email Through A Very Dear Friend
From Now Will Be Posting Articles Of Interest & For Awareness, Those Which Are Normally Kept Away From Us By 'Controlled Media'.
Will Do So In This Same Thread
Happy Awakening
SavantGarde
