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!
>
>
>
>
>
> 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 s*x 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?
>
>
>
>
>
> PASS IT ON IF YOU WISH INDIA GOOD..............
Plans are only good intentions unless they immediately
> degenerate into
> hard work.
CAclubindia
