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?
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..........!!
.India was rich that's why britishers looted us,.but no problem.
India is rich now, but this time Indians are looting Indians,..It is unsolved problem even god also can't help us,......oh god
.India was rich that's why britishers looted us,.but no problem.
India is rich now, but this time Indians are looting Indians,..It is unsolved problem even god also can't help us,......oh god
.India was rich that's why britishers looted us,.but no problem.
India is rich now, but this time Indians are looting Indians,..It is unsolved problem even god also can't help us,......oh god
.businessmen, politicians, corrupted officers should be taken under custody and they should b enquired. If they are not going to agree their mistakes their citizen ship should be cancelled.......... they are fit to be citizen ( not even a human being )
.where is our black money? why the govt is sitting innocently like that. please send me the reasons
.if a chance is given to me in this issue ill defeneately participate in this war.... let us create a world ware 3..
anand kumar
dubai.
.hi friends... proud to be an indian and we can change the world nothing is impossible send your request to u.n.o and all leaders to stop encouraging the swiss bank and guys first we should be together as an army....................are you ready... baktavatsalam. haibakta @gmail.com
.bring back the all moneyfrom swiss bank & shoot the all politician whose involed in it.
.bring back the all moneyfrom swiss bank & shoot the all politician whose involed in it.
.Stop this nonsense, I'm indian and my deposit over 200 million in U.S. dollar are white and I have paid I.R.S all taxes here in U.S
Not all money were stolen from indian or made in India.
Dinesh Patel
.simply asking in words ?.what are they going to do with this money. As they are hiding someothers moneyfor better they may send your wife to someother to earn money.
.First of all, All indian have to keep in mind that Black Money from Swiss bank is never going to come back. Non of our top leader and even highest authority president of india is bothered to get back this money back.
If we look the size of Switzerland, if all Poor and Hungary Indian children just send to their country land, they have no enough house and food to provide them. Switzerland is just depending on such Black money and the government deliberately introduce and encourage such black money from the all country so their country can survive. And india has given big contribution to Switzerland for survival. If switzerland honestly give back this money to all countries, i have confident that this country will become biggest bager of the world and every swiss will run house to house for food and living to other countries.
No Indian Peoples right from top to bottom has guts to get back the money. All Indian are born to die poor and dirty living. Do not boil your blood for such issues.
.hi guy.. this is one of the best peice of information any one could gather about indian financial sttus...i hope u would be aware of the present stiuation in Andhra Pradesh of the partition of the state.....i hope it would be better that u try to put forward this message in the osmania university , hyd, where they are ready to sacrifice their lives for a seperate state..and this is more useful than this....even i shall be trying to do this.....and as u said at last that not at least god can save india...my view is someone intelligent like u should not leave hopes...i hope u go through this.....
.Before Elcetions both BJP & congress were on high pitch on Swiss bank money. After election both are totally silent abt this issue. As both are docaits & corrupt ppl , spoiling india. Millions of million kids in india are malnutrition. Millions are below poverty line.
I dont know when the hunger of politicians will end & they will think of poor ppl of india.
Jai Hind
Vande Matram !!
.Before Elcetions both BJP & congress were on high pitch on Swiss bank money. After election both are totally silent abt this issue. As both are docaits & corrupt ppl , spoiling india. Millions of million kids in india are malnutrition. Millions are below poverty line.
I dont know when the hunger of politicians will end & they will think of poor ppl of india.
Jai Hind
Vande Matram !!
.Before Elcetions both BJP & congress were on high pitch on Swiss bank money. After election both are totally silent abt this issue. As both are docaits & corrupt ppl , spoiling india. Millions of million kids in india are malnutrition. Millions are below poverty line.
I dont know when the hunger of politicians will end & they will think of poor ppl of india.
Jai Hind
Vande Matram !!
.what a shame for indians. before 1947 british took our money after that our leader continue that work.
.Well I Think Its the Responsibility of each and every Indian Citizen Including me to ensure Proper Functioning of all operations in the Country!
Mear say that no one can save India Is just a Comment any one can give.
Insted study the Mechanism that will reduce Miscondut and Get aware of the Legal Support that is extended to each and every Indian!
I Think that I can Save Inda my Mother Land!
.the BJP out of power, I think this issue had frighten the currupt people and most of them were from congress and alliances so the hd managed the election on money basis and and again start looting people ( aam Janta), it is frustrated. I reached a thought that after Prithivi raj Chauhan who ever ruled india all were worked against indian people and culture , so this is bad luck of our gr8 india, here people also support them who are anti nationalist, this is my gr8 india
.its good that if a person comes and takes out all the blackmoney and make india a ricchest country
.this is really cruel and dishonest.they are actually stupid b'coz using that amount of money, they can improve there country's economy rather than selfish
.well , who to belive this message what is the source? even if it is true what can people like you and me do just close our mouth with our hands.
.one and only one thing is that the indians are strong in its work mean they believe in the practical n the other countries asuume it only thats'it
.I am very proved of this because Indian Humans proved that we are very talented than other countries.But money is just like rain come when ever.use the money for good thinks and make the india as large great and GOLDENONE.And important think you must help for poor people not for wellfare for their daily needs.(eg)childern are not have their parents(for their schooling).
.Before we kick out the criminal politicians and IAS officiers, we should first kick out the journalists who don't do any kind of fact checking.
So, where is this Swiss bank association report? Can you give us the title of that report or even better a link to it? I went through their site and none of the reports had such numbers.
How would $1.4 trillion alone make India rich. Sure, 1.4t doesn't hurt, but it doesn't change the ground conditions too much. $1.4t could be used to give an one time check of $1400 to every Indian. Even in relatively poor countries like Romania people earn in excess of $5000/ year. So, this one time $1400 distribution alone is not going to do the hard work of abolishing poverty.
Regarding 25000 Indians going to Switzerland, has this journalists heard of Businessmen. They need to travel to Davos, Geneva and other places for business conferences. It doesn't mean 25000 criminals are going to Swiss every year to deposit some hot cash.
.How many of us complaint if someone is asking bribe? Politicians are only part of the population. Rest of all are just supporting them. Every citizen should awake and raise their voice against illegal things.
.There are as many vampires in India when compared to the poor people ...they are suckers of people's money,country's wealth and poor man's prosperity.When will India change!!!
Is there anyone who cuold change india in an instance???? ONLY GOD KNOWS
.so the swiss is surviving on our money....so why would they give it away....imagine if their banks has to immediately return this kind of money...then would the very banks survive...as they would have invested the money for other purposes...so they will never have the most honest / sincere intentions to return....the govt. in order to get back the money rather than follow with the swiss bank should instead give amnesty to these dishonest ppl. but with a condition that such money brought will be used for public purposes for which they will get returns hereafter...so they too will have some greed/interest to bring back the money to our country...
.Its the Govt. of India who has to take strict action in getting the details of the a/cs and also punish these people...no matter who the person is....And once these money is back 2 India ...we can be one of the wealthiest country in the world...
.The Govt must do everything at its disposal to bring this national wealth back to our nation which I am sure will bring smile to many under privileged poor people living below poverty line
exactly...how can we believe what has been said here is true? also 1500 billion $ is too high an amount for any number of individuals to stash...no doubt there is illegal Indian money in swiss banks but 1.4 trillion id way too much i feel...please give proof of the above mentioned figure.
.How many of us who blame corruption publicly dare to stay away? That is often defined as a practical way of living. Those who make money and power is respected irrespective of means. Those who can, does; those who can't blames. This needs to change. Every one needs to want a change and force change if we want a change
.really i am felling very sad for our holy land of india...
i am wondering why i am paying my taxes..?..if the money i earn by hard work will be in swiss bank for our leaders...
Just boycott this leader...from 15th aug 1947 they are looting the country generation after generation..
.If the Govt. is keen to bring the money back it should provide incentive by way complete waving of all tax, permission to use the money in currencyof their choice, Identity of indivisual to be kept secret and complete protection from legal action.
This whole exercise must be completed withen a limited period of say 6 months. Thereafter defaulters as and when identified should be sternly dealth by confiscating their entire property in any form whatsoever and he should be put in Jail for his entire life and his next 3 generation should not be permitted to travel outside India and they should be subjected to all kindsof humilation.
.Aam Admi Dreams shattered by this kind of corrupted poiticians, IAS, IPS officers, Business man. See if this kind of wealth is available to Govt. of India we can repay all our debts and become No. ! country in the world. Govt. should try to recover all the money from Swiss banks. Its mandatory for our country sake. Pl. try the same
.You know World Bank, IMF, Swiss bank etc!and democracy in India. How these all co related? Democratic system introduced by westerners in India. Why? Westerners crying out for democratic system in other part of the world. Is India educationally mature enough for a democratic state called India? I think not. Whole world puts the money in the above organisations so that western states get richer and rest of the world gets poor. These all inventions of organisations and UNO as well are too subtle concept to comprehend by common people are created by West. UNO, 5 veto are decision makers. Do a crime and run to UK, Europe and USA, they will protect the criminals of the world; and that������s how corruption in the world encourages. You have black money earned by corruption, ok bring it to Swiss bank; we will protect your money and will push the rest of world backward. That������s how Euro, US$ is high. This is the people of the country, electing leaders, sitting on the back and do nothing. PONDER over!
.Why can't we start a public movement and give stress on government to bring back the amount and develop our country..... every individual who deposited amount in Foriegn Bank by bitraying people should be punished with higher degree.....
.now a days most young generations are selfish.they r not following ethics.they dont know ethical values.they r not thinking about farmers.they r backbone of our country.So please give good education to farmer's children.Due to not giving good education to farmer's children,they r migrating to cities.if the things going like this,then there will be noone to do farming.then people will suffer from shortage of food and deforestation occurs.pollution gets high.rainfall will be low.cities gets congested.diseases gets high and etc......please take steps to educate farmer's children so that we can get more quality workers and ethical,dedicated and hard workers.because of low money poor people can't afford money for buying books for children.because of that they r not getting into IITs.WHEN A DAY MORE POOR PEOPLE GET INTO IITs,INDIA WILL FLOURISH IN MORE DEPARTMENTS.
.i wanna change my country position from least to top & I ANNA CHANGE IT INTO ANUNDER DEVELOPING COUNTRY TO DEVELOPED COUNTRY
.i think you r a original indian...why i am telling i am also a original...don'tmistake..i dont know english
.this article is really informative and shocks us... if this money come back to our country, it really gives a big change to our country...
.I read this article very carefully it gives very good overview about indian currency in Swiss Bank . . . i look forward that government will take some step. I wish this money could come to our country for both reason to make our country prosperious and to know who exactly these people are . . . .
.this article is very intresting and educational article...................................it gives us true information about the swiss bank................
.I Proud to be an Indian, India was,is,will reach country. but some indian people(Shatan) is trading (Loot) his own country(Mother) we should kill them mid-day on Choraha so that no one will try again to do anything wrong with our mother(India)
.ACB can Take Action against Them.. They are not taking any action means they might have political pressure on them. If the people who can control corruption, they are silent means what others can do.. if any ideas.. pl implement .. Tq
.thats completely unfair, without checking other countries its baseless to talk nonsense about a country. And plz don't think about our country, nobody have to save, its self capable.check our economy, and advance technologies. we've sent missiles to the moon also.
oh u dumb man. u think so that our country is self capable. do u see the power crisis, food prices going in missiles? The money is Swiss bank is what u i and many more hav paid as taxes. Wake up india. time for peoples to think.
.Oh! WOW. Bring all the black money back. Kill the politicians ������
Why is no one surprised that the secretive Swiss banks would release such numbers? And who the hell would release a country wise breakup anyway.
Bogus numbers people
.Let our UPA Chairperson Soniaji who was desribed by the Parliament Member Undavilli Arun Kumar as the Sonia the Heart Beat of India, should spring into action to bring back the hidden money from Swiss Banks expeditiously.It has already been promised by the PM of UPA Govt.
.To Swiss Bank
Instead of Saying Black money ,Call it as Red money(All the money is Blood of poor people )
.lacks rason and substance. With cooperation of swiss banks bofors beneficiaries were identified but they could not be nailed in a court of law with conclusive evidence. Makes me wonder whether this article is about swiss banks or is it about india-bashing. There is not a single positive suggestion about how to counter corruption. Bad article
.i am an indian and people think my country is poor and i am a rich girl so any way its good to know that we are not a poor country
.i was shocked about this news, it's a shamed news to indian govt. cos, govt. failed for transwering indian accounts swiss to RBI. As aindian i blamed to who are deposited in that bank
.I want to know all Indians accounts information.which accounts is activeting in present time. Thanks,
.To whom do you complain, when almost 75% of these rogues are sitting above us and ruling us. Only a revolution like what happened in France will do.
.dear indians please raise your voice to the govt and make them necessary arrangement to find out the list of black money holders.
.I have read this article in some newspaper. I suppose this information is true because at the pre election period of 2009 , BJP raised its voice against this black money . According to their estimate the amount was around Rs 7200000 crore.
As already mentioned in article if this money comes back to india , a drastice chance can be witnessed.
But who will take the first step is the question because the rulers , the corporates , the politicians who have the power are themselves the real culprits.
So in my opinion media should step forward and raise voice against this problem of black money , so that the government should take some action.
JAI HIND
.Before they investing the amount bank has some procedures as per bank rules can you include my suggestion to in that please get the investors pan(permanent acconunt card details) and indian governments authority to invest in your bank.. please sir/madam consider my suggestion.... I LOVE MY INDIA..................
Umm.... It is a nice article but
The website hasnt cited its sources!!
So we dont actually know if it is true!
.
Pictet & Cie.- claim they are the ��Rolls Royce��of swiss banks.
Swiss Banks or more correctly Swizz banks.
Swizz. ---- �� a great disappointment.�� or a �� fraud.��
Fraud. ---�� an intentional deception or dishonesty.���� ��a crime.��
Crime. ---�� an act committed or omitted in violation of a law.��
Serious Crimes .
Conspiring to pervert the Course of Justice.
Perverting the Course of Justice.
Contempt of Court.
The Establishment �� Cover up crimes��.
The ��Doyens�� of the establishment.�� ( Ivan Pictet and Monty Raphael.)
Ivan Pictet.
Managing partner in Pictet & Cie Bank .--- Switzerland.
President of the Geneva Financial Centre.
World Bank.committee member.
United Nations. Investment Committee member,
Vice President �� Global Humanitarian Forum.
Member of the Henokiens.
Blackstone Group --- Board Member.
Past- President �� Geneva Private Bankers association.
Past ��President �� Geneva Chamber of Commerce and Industry.
Monty Raphael.
Quote.�� ---- Doyen of U.K. Fraud lawyers.
Consultant & Head of Fraud and Regulatory Dept.
Member of Board of Directors of the Fraud Advisory panel.
Member of the Law Society of England & Wales.
International Bar Association Member.
Past President��London Criminal Court Solicitors Association.
Past Chairman ---of Anti Corruption Committee.
Founder of Business Crime Committee of the International Bar
Association.
Pictet & Cie Bank & Peters & Peters.
The bank and it��s officials deliberately withheld crucial documents requested under a High Court order.The bank and it��s officials deliberately withheld evidence from the Police , and one of it��s account managers Susan Broadhead gave a false witness statement to the police.
Another one of it��s managers Nicholas Campiche ( Now Head of Pictet �� Alternative Investments.)concocted a letter pretending to be a client and closed his account. The senior partner (Ivan Pictet.)sought to have numerous documents destroyed,along with those copies held in their London office of P.A.M. Initially stating that they were forgeries then their lawyers Peters & Peters �� Monty Raphael �� and the barrister Charles Flint.Q.C.) ��later had to admit in Court that the documents were genuine.
(1) It is a criminal offence for a bank to knowingly act for an undischarged criminal bankrupt in so far as it seeks to assist that criminal bankrupt in the fraudulent movement of monies. ( Money Laundering.)
(2) It is a criminal offence for a bank to lie to the police and the bankrupts trustee in bankruptcy in so far as any knowledge of, or dealings with the bank was refuted .
(3) A bank can be guilty of Contempt of Court if it fails to comply fully with the Courts order for discovery .
(4) The banks contempt is further compounded if it fails to address its error after it is specifically drawn to the to its solicitors attention. ( Monty Raphael).
(5) It is a criminal offence under the Financial Services Act to seek to destroy evidence that might be relevant to an investigation .
(6) It is a criminal offence not to relinquish control of funds to the Trustee immediately the fact of the bankruptcy is drawn to the banks attention.
(7) It is a criminal offence to lie or otherwise obfuscate the lawful and proper enquiries of the F.S.A.
On Dec 9th,2008. the complaint was sent to 150 Members of the House Of Lords and 230 Members of Parliament.
*** We thank ---David Cameron. M.P. ( Canary Wharf Speech.) Dec. 2008.
(1) Bankers who behave irresponsibly should face professional consequences.
(2) If anyone is found to have behaved criminally they must be prosecuted.
(3) The F.S.A. and the Serious Fraud Office should be following up every lead,
investigating every suspect transaction .
(4) We need to make it 100% clear ��those who break the law should face
prosecution.
(5) That we make sure we root out any wrongdoing that may have happened, whoever is
involved ,however high or well connected they may be.
Quote. ( America��s Top Lawyer .)
You can be the richest man in the world with the best lawyers that money can buy but you cannot win against a man who has got nothing left to lose and is telling the truth.
Full Story.
Go to search box on ��Google�� and insert ( Ivan Pictet / Monty Raphael) or
insert ( Pictet & Cie / Monty Raphael.) - - then try it on ��Yahoo��.
Or try (Jack Loach/ Ivan Pictet.)
.even after 100 years also india will be the same , because of our attitude. plz do not expect some one to save india ,
why not we all can take a first step.
.NEW DELHI, May 13, 2009: On Behalf of All citizen of India, a Delegation of 05 members submitted a memorandum in Switzerland Embassy to the Ambassador of Switzerland - Mr. Arthur Mattli at 11:30 am on 13th May 2009
The Delegation demanded vide memorandum - from Switzerland Govt. disclosure of illegal Black money deposited in Swiss banks by Corrupt Indians so that the seized money be brought back to India for the economic prosperity of Millions of Indian��s. The memorandum demanded that Switzerland Government and United Nations should make immediate Steps to stop this heinous Money Laundering being done by Corrupt Indians.
A quote from the memorandum; If the Switzerland government is unwilling to act towards the noble and the ethical and the legal cause of prosperity to other nations, our delegation of common people will seek support of all the social organizations in India and world wide to endeavor, declaration of Switzerland as an ��Economic Terrorist Country��.
The Discussion re presented by a 05 member delegation with Mr. Arthur Mattli, Minister & Deputy Head of Mission resulted in exchange of several new facts. One of the relevant point of those facts was that Mr. Mattli expressed by his long experience in Swiss Administration that - There are many countries apart from Switzerland involved in similar Money Laundering being done by illegal method of money transfers through a designed route that covers several countries.
Our Delegation had been giving presentations to the Ministries & PMO on this issue since January 2009 on the facts given by Swiss Bank Association, But there was no reply of action by the government. We strongly feel that since last 60 Years, the money Laundering in Swiss Banks was being done with the knowledge of Political Parties, but no political party took any step to stop this crime, Therefore ��No Political Party should play politics on this issue of Political shame��
��The demand for Swiss bank money' as an issue raised by one Political Party seems to be a makeover for a better Political image in current Lok Sabha Elections, but this fact of money laundering was never been a serious motive for all the political parties�� says one of the member of delegation.
The delegation expressed shock over the disclosure made by Swiss Govt that it had received forged documents from New Delhi two years ago in connection with an alleged Rs.40,000 crore ($8 billion) money laundering case involving racehorse breeder Hassan Ali.
The Delegation sincerely feels that if illegal wealth deposited in foreign banks is brought back to India, many basic problems like Malnutrition, Poverty, Unemployment, Economic disparities and others can be resolved properly.
TN Purwar, Kaushal Kauma, Anuj Guliyani, Nidhi Mahajan, Gurbinder Singh
.The persons who have swiss accounts cannot enjoy this amount because they will die before enjoying this. they should now give tehese amount to indian govt. be live peasefully
.Manmohan Singh is the manager of black money of Nehru family.This is his only qualification for his appointment as dummy Prime Minister.He is trusted by the family.So no hope from this Govt.If some alternate Govt.will be able to do it.It is also dought full.Only people can do it.Let us give two months time to new govt.to do the job on war footing.If the govt does not take the matter to bring our whole of money with all the intrest,people shall take the matter in his own hand by first sitting on DHARNA in front ofSwiss Ambassy from Ist may 2010.If they don't budge,stricter action shall be takesn
.We must Encourage the Educated People To Boycott The Elections All the Time. Also Encourage the Youth of the Nation To Participate IN the POLITICS To save our Country from The Selfish Politicians And Make "INDIA" A wealthy Country In the World....may our dreams Come true and not be as a dream itself..
Yes ur rite mubarak...
but its not wise to boycott d election...
how many youths are aware that we can't oppose the contesting candidates by filing FORM 49A...which will be available in the polling booth...
If an area records of 49A more than the voted polls...
the area will be under the control of governor...
which is much more better than the selfish politicians...
bt we shld get a active president like kalamji...!!!
neways.. its all in d hands of d youths vu can bring d developments to the nation....
JAI HIND...!!!!
i am an indian you fool Mohit, i am challenging u BJP wont bring back the black money from swiss bank though he comes to power.. Wait & See...
Not u fool or i fool ,those who all are believing the indian politicians are No.1 fools...
Fool Pakistani, shut your mouth...why should we boycott the elections when we can bring the BJP in power which can get the money back!!!
.we should take necessary step for the swiss bank problem.
1.In future all the money transaction should follow by the satelight.
2.Swiss bank say ready to give the details to india so no problem for us
3.Collect the all the details and take necessary setps.
4.This details give to the our public meeting.
5.Our youngsters ready to the very strong and youthful dission if any reasion we have dn't loss our mind....we need only we are developed country.......nothing poor in india..........
i hope all the youngster and child ready to the developed country
.No wonder why our Govt. doesn't want to do anything abt. this issue coz. almost every other damn indian politician has money in Swiz Bank Spl. Congress Big Guns (almost all of the Congress leaders they have black money in this bank Somebody mentioned to me that even Sonia Gandhi.....so who is gonna FIx this problem People who can surely they wont then they will be exposed Like Congress leaders they r in the power but they wont do it its their black money we talking abt. since 1950,s...we as young educated citizens of india should come forward otherwise God save india i already mentioned even he wont help he cant
.The indians ( Indian Public ) are Coward, Fool, Uneducated, Dont know what they want, Self Centered, Meany sitting back with one hand on top of other thats the reason politicians,govt officers,IPS,Tax officers,Police all other departments makes so much black money coz. we r used to it we cant raise our voices we cant do nothing all indians living outside india in other countries make fun of inda coz. of this thats why they do not want to come back to india. In USA whether u r educated or not doesn't matter u can make a healthy life style and u can live it, no corruption u see anywhere coz. of so many so many job opportunities u have here in america but in india we dont have that we never gonna have that even god doesnt want to help india coz. we as people cant do anything
.our count need Development for that we need money a lot of money this black money in swiz bank can do wonders to india & for indians if put n used honestly in right direction...can't anyone including PM,President do nothing about it and just gonna sit there like house wifes if these 2 guys r not corrupted u never know. I dont think anyone can save india we should learn from USA even 20% will be good damn good for india
.I born n Bought up in Chandigarh now in USA..Damn USA is so developed and everything is so systematic we cant even think of india in same condition in near 5000 Years only reason NO CORRUPTION,Hard work, Sincerity,politicians n Govt. put single penny(all money) into development in USA not in their pockets in india politicians,IRS,Tax officials,clerks,govt emp,IPS,police,army, etc all r 1000% PURE CORRUPT,CRIMINALS,UNEDUCATED,LIARS,damn everybody here in USA even NRI hate india sorry to say. but india won't and can't be changed for good until we take tese corrupt people & put them behind BARS
.I wish & pray to god that some responsible politicians come & make this happen and contribute to the growth of INDIA and make it 1 of the strongest and wealthiest country in the world.Our country need this money for the investment
.PLEASE ANY ONE OF INDIAN WILL COLLECT THIS MONEY TO DEVELOPE OUR NATION .IF ANYONE WILL COME I'LL HELP FULL TO HIM.
.ya your right god cant save........... we indian have to save its our country we have to save it........... but how?
We got the power to bring into power good politicians with ethical and moral values. Thats the only way I see. So do caste your vote to the right candidate.
.ya your right god cant save........... we indian have to save its our country we have to save it........... but how?
.you tell us real truth of our country but i need to know more about the whole process of this income or sale tax procedure and how the peoples stole it.
.That's a very valid point raised by Mr Kanhaiya. He has hit the bull's eye. Congress is the main culprit and they must be brought o book. Kudos to Mr Kanhaiya.
.This money should be brought back and distributed/utilised among/for AAM AADMI. Open discussion in the matter is required.
.It is horrible to know that Mr Rajiv Gandhi, known as Mr. Clean has done such a mean act and that is why Congress is keeping mum on this subject of raising voice against Swiss banks.
Role of other political parties cant be ruled out also bcoz no body is raising voice vehemently. However it is obvious that majority of the years Congress was in power so they have more people in this list.
I believe that now it is common people who should give it a shape of movement in the fashion we had done after Mumbai attacks,Jessica lal murder, Mattu Case or Pink Chaddi campaign
.Kapil sibal/congress/singvi
"BJP was in power last time and they didnt do anything.""
Only last year the US and other countries started pressurizing Swiss bank. And swiss bank disclosed some members details to USA,Germany. But congress not interested
in getting the details
Congress says-""the summit is not place for talking abt swiss money""
when Germany��s finance ministry offered the LTG bank secret data to any country that needed it, the congress government would not ask for it despite reports that it contained some 100 Indian names. When in April last year, L K Advani wrote to Manmohan, requesting to him to ask Germany for the data,nothing was done. In the G20 preparatory meeting at Berlin, Germany and France were threatening to blacklist Swiss and other secret tax shelters, India was in silence.
when L K Advani told Manmohan Singh that India should join in the G20 effort to break banking secrecy, the PM did not respond. The spokesperson of the Congress Abhishek Singhvi responded that G20 was not the forum for that, being blissfully ignorant of the fact that it was a main agenda of G20 meet.In fact just ahead of the meeting, Sarkozy had threatened to walk out unless the G20 decisively acted against secret banks and tax havens.
Already there was a report from Swiss bank that Rajiv gandhi had an account of 2 billion dollars (it was in 1991/92!!!)
The BJP has said it wud bring the 75lac crore rs from swiss to India for development...
Atleast government should expose the indians having accounts and collect taxes for the stashed away money...which would amount to billions of dollars!!!
.Its not surprising the Day neharu famaly joined congres party they had done with the intension of amassing dirty money,the first scandle was Geep scandle Mr.Krishna menon as defence minister under the umbrela of Non other than javaharlal neharu with his kashmeri army pandiths .well present day IAS,IFS and IPS officers are keeping up the Tredition of javaharlal Neharus Love of swiss banks.
.Its not surprising the Day neharu famaly joined congres party they had done with the intension of amassing dirty money,the first scandle was Geep scandle Mr.Krishna menon as defence minister under the umbrela of Non other than javaharlal neharu with his kashmeri army pandiths .well present day IAS,IFS and IPS officers are keeping up the Tredition of javaharlal Neharus Love of swiss banks.
.Its not surprising the Day neharu famaly joined congres party they had done with the intension of amassing dirty money,the first scandle was Geep scandle Mr.Krishna menon as defence minister under the umbrela of Non other than javaharlal neharu with his kashmeri army pandiths .well present day IAS,IFS and IPS officers are keeping up the Tredition of javaharlal Neharus Love of swiss banks.
.Its not surprising the Day neharu famaly joined congres party they had done with the intension of amassing dirty money,the first scandle was Geep scandle Mr.Krishna menon as defence minister under the umbrela of Non other than javaharlal neharu with his kashmeri army pandiths .well present day IAS,IFS and IPS officers are keeping up the Tredition of javaharlal Neharus Love of swiss banks.
.if these are official reports then I can say that the new government should act towards this issue.This money should be brought back to India for its development.It is our right to get this money back.
.why cant a few people form a group and approach the indian court to force the swiss government to reveal the identity of the account holders and from what i understand is the swiss they are willing to give the details provided the india government make a formal official request well we citizens are also to be blamed we are not complaimning at all
.why cant a few people form a group and approach the indian court to force the swiss government to reveal the identity of the account holders and from what i understand is the swiss they are willing to give the details provided the india government make a formal official request well we citizens are also to be blamed we are not complaimning at all
.Dear Team,
When the Indain gets that Money which are all deposit in Swiz Bank then only india becomes rich country
.Dear Team,
When the Indain gets that Money which are all deposit in Swiz Bank then only india becomes rich country
.Dear Team,
When the Indain gets that Money which are all deposit in Swiz Bank then only india becomes rich country
.Advani, Modi, Congress Leaders and other guys does not interested in saving money. They were interested in degrade the indian resource and killing indian peoples unity, happiness and wealth
.Even the money is back and debts are paid back, what is the assurance the fund is again not manipulated with various government schemes. Which again goes through system. How far it could benefit, it would create excess supply in the markets may lead to uneven prices like real estate.......... so before that system should be monitored.
.I surprise to know that when Mr Sharad Yadav and Advaniji raised this question to bring back the money, our spokesperson of present ruling part has taken it as very lightly and passed his comment that mr yadav and advaniji is having more knowledge about it and if they give us the information we would act on that but he forgot before commenting that mr yadav and Advani is not in power and if this type of serious supecious thing comes in news it should be taken very seriously and it is the duty of ruling prty and government to verify the truth of the thing and bring before the people of india that what is the truth. the passing of comments and laughing on the same can not serve any purpose but it is the time to act on the same. All of the above it is my countries' money and we will not let it be kept by Dishonest Beurocrats, Poltician etc.
.What is this? To overcome our country's situation please bring back our money to India. Try to behave like human beings.It's shame to all Indians
.I have read lot of artical on the black money with swiss bank. But I don't find any copy of "Swiss Banking Association report 2006" so that some body gets and file a Public interest litigation in our Supreem Court.
.I m sure that the big amount of that black money belongs to our polticians. ridiculous...shame
really shing india
.who will bring back this money to our country?this is the question.i think 95% of black money in swiss bank is of our leaders.and with govt. support it can not be back.we are the public this is our property so lets time to do something.
.yes this is true. The government should get this money back into India. The government should do this. They should be forced to bring it in. On top of it the Prime Minister's secretary says how much difference this money will make?
.yes this is true. The government should get this money back into India. The government should do this. They should be forced to bring it in. On top of it the Prime Minister's secretary says how much difference this money will make?
.i think we have to stop thinking aboy that money because thi money is of all the polticitans,industrilist and others ias ,ips they never pass a law to bring that money back........
.we all know about this black money,,,,,and i think now media has major role to play,,,to put pressure on government ,to take steps.
because major culprits would be in government and other politicians itself...so they would be reluctant enough to curb this issue ...
.This is open secrete. All people know the Swiss bank accommodating all DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers to hide the unaccounted wealth and keep the identity of these people unrevealed. The poor tax payers are squeezed to the great extent and these culprits are building the wealth mountain with blessings of corrupt politicians.
.I would like to say that the major chunk of the black money parked with Swiss Bank belongs to politicians and not industrialists. The industrialists have a legal channel to show their income . On the other hand the politicians does not have the instruments to show their wealth as they have limited income on papers.
.I firmly believe that no citizen of our sovereign country of India ,would ever
resist the endeavors ,whether through constitutional or executive machinery or otherwise in the steps required to be implemented to ensure that the size of tainted money which has been siphoned off from India to Swiss banks including UBS ,must not only be established ,but brought back to the soil of India ;so that millions of people here languishing in poverty are provided the basic needs of life at par with other countries by way of creating necessary physical and social infrastructure as soon as possible.
Certainly there would be vested interests who would continue to resist such steps directly or surreptitiously .A consistent mass campaign need be build up through societal / people participation and media support .
.Just occurred to me, this Ramesh mangh whatever is a fake name, this guy is actually a pakistani. (read his comments , "he is not in the business of helping India" elsewhere he tells some one that perhaps you live in India and only a indian can make such a comment. ) even other wise his tone and style is that of a talibani mullah, not a reasonable economist.
.I have mailed this piece of most horrendous fact to supreme court of india but I have not received any reply
Will the PM Manmohan Singh or Sonia take any action or this mail will do the rounds and then die its natural death
please send this fact by email to supremecourt@nic'in
flood the it with emails till the judiciary takes action
.the SBA annual report does not give any breakup of the sort above. However, as per Wealth Management in Switzerland 2008, ��SBA research estimates that Swiss banks�� global AUM reached about USD 10 trillion at year-end 2007��. And India��s contribution to the above? I don��t know. However, given that India��s total GDP is USD ~1.1 T; a shadow economy estimated at 40-60% of GDP; a national savings rate ~30%, a sizable amount is likely to have accumulated in offshore bank accounts (whether or not, the number hues closely to the above is irrelevant). Two recent developments (completely ignored by Indian media) makes this significant.
.You have raised a very revelent issue but people are nor awair nor support the persons who are fighting against corrupt persons . I have written web article on this in www.sagarwatch.blogspot.com under kuchh hatke. Let us hope that the tinghs will chang and the effort made by you give some result. G L PU
.well lets hope these swiss bank falterl in economic turmoil!!!
the corrupt would lose their money :D
.It was very socking :All INDIANS except guilty pesons work together and SAVE INDIA from corruption and fraud
.MERA BHARAT MAHAN 100 MAI SAI 99 BAI MANN."YES" INDIA is a SUPER POWER COUNTRY.BUT FAULT is ONLY-2 "DISHONESTY".
.India is supper Power But Some Dishonest Person's Like Leaders, IAS, PCS, Actors, and some Illegal Authouritys Invole in Cheating for his country and he is realy creminals of his country
.India needs a millitary intervention to ruin all the cuilprits who collectivey have destroyed the glorious past of the nation.
.Ramesh ji, I have started a group on Facebook GET INDIAN MONEY BACK FROM SWISS BANKS. I have requested many people to become members of this group. People seem to be scared. But i hope, you can help me in getting members on this group. The main motive of this group is enroll maximum number of people and put pressure on the govt. to enact a law in Parliament to get this illegal money back to India for its poor people. Wish me best of luck.
.Ramesh ji, I have started a group on Facebook GET INDIAN MONEY BACK FROM SWISS BANKS. I have requested many people to become members of this group. People seem to be scared. But i hope, you can help me in getting members on this group. The main motive of this group is enroll maximum number of people and put pressure on the govt. to enact a law in Parliament to get this illegal money back to India for its poor people. Wish me best of luck.
.I have googled for 2008 Swiss Banking Association Report and was not able to find any documents with this information. Can anyone please send me the link to ghana1983 AT gmail.com
.It is the common man who r the ultimate sufferers. They have to burden their selves to repay the Tax in his country while others shift their surplus money into safe heavens. It is really playing with Indian government and leaking the country progress.
.
The Establishment �� Cover up crimes��.
The ��Doyens�� of the establishment.�� ( Ivan Pictet and Monty Raphael.)
Ivan Pictet.
Managing partner in Pictet & Cie Bank .--- Switzerland.
President of the Geneva Financial Centre.
World Bank.committee member.
United Nations. Investment Committee member,
Vice President �� Global Humanitarian Forum.
Member of the Henokiens.
Blackstone Group --- Board Member.
Past- President �� Geneva Private Bankers association.
Past ��President �� Geneva Chamber of Commerce and Industry.
Monty Raphael.
Quote.�� ---- Doyen of U.K. Fraud lawyers.
Consultant & Head of Fraud and Regulatory Dept.
Member of Board of Directors of the Fraud Advisory panel.
Member of the Law Society of England & Wales.
International Bar Association Member.
Past President��London Criminal Court Solicitors Association.
Past Chairman ---of Anti Corruption Committee.
Founder of Business Crime Committee of the International Bar
Association.
Pictet & Cie Bank & Peters & Peters.
The bank and it��s officials deliberately withheld crucial documents requested under a High Court order. The bank and it��s officials deliberately withheld evidence from the Police , and one of it��s account managers Susan Broadhead gave a false witness statement to the police.
Another one of it��s managers Nicholas Campiche ( Now Head of Pictet �� Alternative Investments.) concocted a letter pretending to be a client and closed his account. The senior partner (Ivan Pictet.) sought to have numerous documents destroyed,along with those copies held in their London office of P.A.M. Initially stating that they were forgeries then their lawyers Peters & Peters �� Monty Raphael �� and the barrister Charles Flint.Q.C.) ��later had to admit in Court that the documents were genuine.
(1) It is a criminal offence for a bank to knowingly act for an undischarged criminal bankrupt in so far as it seeks to assist that criminal bankrupt in the fraudulent movement of monies. ( Money Laundering.)
(2) It is a criminal offence for a bank to lie to the police and the bankrupts trustee in bankruptcy in so far as any knowledge of, or dealings with the bank was refuted .
(3) A bank can be guilty of Contempt of Court if it fails to comply fully with the Courts order for discovery .
(4) The banks contempt is further compounded if it fails to address its error after it is specifically drawn to the to its solicitors attention. ( Monty Raphael).
(5) It is a criminal offence under the Financial Services Act to seek to destroy evidence that might be relevant to an investigation .
(6) It is a criminal offence not to relinquish control of funds to the Trustee immediately the fact of the bankruptcy is drawn to the banks attention.
(7) It is a criminal offence to lie or otherwise obfuscate the lawful and proper enquiries of the F.S.A.
On Dec 9th,2008.�� the complaint was sent to 150 Members of the House Of Lords.
and 230 Members of Parliament.
*** We thank ---David Cameron. M.P. ( Canary Wharf Speech.) Dec. 15th.2008.
(1) Bankers who behave irresponsibly should face professional consequences.
(2) If anyone is found to have behaved criminally they must be prosecuted.
(3) The F.S.A. and the Serious Fraud Office should be following up every lead, investigating every suspect transaction .
(4) We need to make it 100% clear ��those who break the law should face prosecution.
(5) That we make sure we root out any wrongdoing that may have happened, whoever is involved ,however high or well connected they may be.
Quote.
You can be the richest man in the world with the best lawyers that money can buy but you cannot win against a man who has got nothing left to lose and is telling the truth.
FULL ��STORY.
Note *** Go to search box on ��Google�� and insert.( Ivan Pictet /Monty Raphael).-- then try it on �� �� Yahoo��..
.thanks to this democratic system and great citizens of india who never ask the govermant that what is happning to the money that is bing taken from world bank and other resourses as loan on thier citizenship. we must use right of information to know what is heppning to this money. jaihind
Are the people answerable in a democratic State?
Ofcourse not, is the protocol of the Political bearers of out nation. We Indians are webbed nowhere to escape,think or act independantly. And perphaps, RTI doesn't help us retrieve these "Black Box" information.
.Former Income Tax commissioner Mr.Pai is reported to have stated this in a report he filed to the government of India in 2000. He has included Dubai banks also in the the group of banks that hold unaccounted Indian money.
The question is will Indians actually see any of this money repatriated to India AND used for developement of the nation? We are a nation of celluloid adicted paper tigers who rarely implement anything of consequence if it is controversial. If this report is indeed true, it follows that the money must belong to important and well connected Indians who have always got what they wanted. The big question is how do we get this money back and who will bell the cat!
Vijay Nair
.oh god, i request to the indian Govt., hand over it and clear all foreign debits and impliment developmental activities.........
.god has to come down all the way to save our country from all corrupts.....like how we do formatting our virus infected harddisks.....
.OHHHH , I am undistance swizerland with doing any think ,how to rich i see ,He take indian money , nice indian guses
.OHHHH , I am undistance swizerland with doing any think ,how to rich i see ,He take indian money , nice indian guses
.The bank accounts should be seized and the money should be utilised to pay back our debts to the world bank and rest could be used for the upliftment of the poor.
.I don't have any word to say!!!
I just pray god let the all swisbank accounts be swallowed by the swiss only :)
.I thinks its time for all patriotic indians and intellectuals to put pressure on honest policymakers to negotiate with forign leader in order to make a transeparent global rule for sharing individual account details with the government every year. And government has to practice a probe into these details. Global banks must follow norms and morality in handling black money from offshore otherwise its going to deteriorate global economy further.
.You must have put in lot of effort and research to find out about swiss bank accounts of indians. hats off to you. i suppose, it is the duty of every patriot indian to get this illegal money back to india, where it belongs to. you would be doing a great national cause, if you can get the money back for poor indian citizens, who want money to uplift them. it is your conscience call to get the much needed money back to india.
.You must have put in lot of effort and research to find out about swiss bank accounts of indians. hats off to you. i suppose, it is the duty of every patriot indian to get this illegal money back to india, where it belongs to. you would be doing a great national cause, if you can get the money back for poor indian citizens, who want money to uplift them. it is your conscience call to get the much needed money back to india.
.Thanks for the info.. But Swizz bank are supposed not to reveal the information and how did you get this information? Just curious..
Today Rediff
Raju need not fear ostracism once he's out - society will embrace him.
A friend in Washington told me that Indians working in the World Bank and International Monetary Fund began to swagger around with a new bounce to the step and a gleam in the eye when the Rs 64-crore (Rs 640-million) Bofors scandal broke.
'We are in the big league now' they gloated. 'Not your chota-mota stuff!' The Rs 7,136-crore (Rs 71.36 billion) Satyam [Get Quote] fraud must have them bursting with pride.
Size is a national obsession. Indians have stashed away more than anyone else -- a noble $1,456 billion -- in Swiss banks. We thrive on superlatives. Even Jawaharlal Nehru rejoiced in the Suratgarh farm being "the biggest farm in Asia".
.This article is written by either a mental patient or it is a deliberate attempt to tarnish the image of India. It is not factual as well. Indian government had asked account information from Swiss Bank many number of times during the Bofors scandal without success. Pl refrain from forwarding such baseless articles.
I understand you are from poor family- todyas article
Raju need not fear ostracism once he's out - society will embrace him.
A friend in Washington told me that Indians working in the World Bank and International Monetary Fund began to swagger around with a new bounce to the step and a gleam in the eye when the Rs 64-crore (Rs 640-million) Bofors scandal broke.
'We are in the big league now' they gloated. 'Not your chota-mota stuff!' The Rs 7,136-crore (Rs 71.36 billion) Satyam [Get Quote] fraud must have them bursting with pride.
Size is a national obsession. Indians have stashed away more than anyone else -- a noble $1,456 billion -- in Swiss banks. We thrive on superlatives. Even Jawaharlal Nehru rejoiced in the Suratgarh farm being "the biggest farm in Asia".
.People, please ignore all articles written by Mr. Ramesh Manghirmalani .
He is a peddler of fake news.
The Swiss Banking Association 2006 Annual Report exists. But there is nothing like this mentioned there.
People, please ignore all articles written by Mr. Ramesh Manghirmalani . He is a peddler of fake news. The Swiss Banking Association 2006 Annual Report exists. But there is nothing like this mentioned there.
Are the Robin the crook from Gujrat like your father
Raju need not fear ostracism once he's out - society will embrace him.
A friend in Washington told me that Indians working in the World Bank and International Monetary Fund began to swagger around with a new bounce to the step and a gleam in the eye when the Rs 64-crore (Rs 640-million) Bofors scandal broke.
'We are in the big league now' they gloated. 'Not your chota-mota stuff!' The Rs 7,136-crore (Rs 71.36 billion) Satyam [Get Quote] fraud must have them bursting with pride.
Size is a national obsession. Indians have stashed away more than anyone else -- a noble $1,456 billion -- in Swiss banks. We thrive on superlatives. Even Jawaharlal Nehru rejoiced in the Suratgarh farm being "the biggest farm in Asia".
.Get out of all these blaming tendency.
If even God can't save this country, then there are only 2 options (a) Forget worrying about God saving, and enjoy as long as you are living or (b) Think on how to get this money into the Indian system. Now that people know about this, think on how to get that money ...
Eradicating corruption is in the hands of people. Stand stiff in front of all corrupt and show that we can live better than them ... Only then the corrupt people will give up their ill practices.
.I have looked through the Swiss Banking Association report, 2006 and nothing like this is mentioned.
Fake rumours posing as news!
Robim or Bulbul- you change your name every day like a prostitute- Who the hell are you- come up really name and real father if you have any one
.i think we should use the right to information act to ask the government if it is aware of this report and whether it plans to probe the matter.
you dont have right- do your research- this information is offered and open to Govt of India only- these are private accounts not public accounts- so dont dream and relax and dont be free information monger
.Ramesh ji, I have already written thrice about swiss bank accounts in by blog, coming from different sources. I have repeatedly written to the media to expose it but of no use. Media has perhaps got the cow, which they can milk any time. GOOD WORK. PROUD OF YOU.
.if india give the lone u.s.a for this haf aount,us & world economy are staybele, & india is supper power in world.
.Disgust - is what I feel. Just think how different things in this country would be and how all could benefit if that money is utilized today. Think....Economy....think....farmers committing suicide....think malnourished children dying....think.....electricity shortage......think...pathetic roads....think... hospitals....think schools....THINK.....ETC..ETC...FOR ALL ...and you would still have change left over. IS THERE ANY ONE WHO WOULD SAVE INDIA? God... No No No, even SHE can��t..........!!
.what is the basis of such figures. we could not find such so called report.
please give url address if you have.
.Who says India is Poor. Just imagine what this money could have done to Indian Economy and financial markets. These people shouldnt have religion, these are not Indians. These are corrupt Anti Indians. I dont have any words. Thinking about Bhagat Singh, Sam manikshaw, Subash Chandra Bose, Jamshedji, Ashfawullah khan, etc who have laid their lives for this great country, I think they shouldnt have done this. May be British would have rules us without poverty, corruption, and with law.
Today i certainly feel that India shouldnt have got freedom may be British would have ruled us perfectly.
Proud to be an Indian.
.Who says India is Poor. Just imagine what this money could have done to Indian Economy and financial markets. These people shouldnt have religion, these are not Indians. These are corrupt Anti Indians. I dont have any words. Thinking about Bhagat Singh, Sam manikshaw, Subash Chandra Bose, Jamshedji, Ashfawullah khan, etc who have laid their lives for this great country, I think they shouldnt have done this. May be British would have rules us without poverty, corruption, and with law.
Today i certainly feel that India shouldnt have got freedom may be British would have ruled us perfectly.
Proud to be an Indian.
.WHO SAYS INDIA IS POOR IS A FELLOW WHO READS LOCAL PAPER AND TALK ABOUT INDIA ....BUT POLITICAL PEOPLE ONLY DEMOLISHING THE INDIAN ECONOMY SO THAT INDIA IS NOT DEVELOPING BECAUSE ALL FINANCIAL PEOPLE KEEP THIS MONEY IN SWISS WHY MEANS THIS PEOPLE DONT KNOW HOW TO KEEP THE MONEY TOWORK BY NOT KEEPING LAZY ,,,MONEY WILL WORK ...THIS PEOPLE DONT KNOW THAT MONEY WILL SLEEP IN SWISS BANK....WHO KEEPS MONEY IN LAZY SWISS BANK IS A LAZY MAN ONLY KEEP MONEY AND NOT THING TO MONEY TO WORK THINK ABOUT WIPRO/INFOSYS/RELIANCE/TATA/BIRLA THIS PEOPLE ALL NOT LAZY WORK WITH MONEY AND THINK ABOUT POLITICAL MAN LIKE INDIRA GANDHI/TAMILNADU MGR/JAYALALITHA/RAJIVGANDHI/SONIAGANDHI/ ETC OTHER POLITICAL WITHOUT RIGHTTRIAL AMOUNT IN HAND
WHY CAnt THEY KEEP IN INDUSTRIAL OR ANY INDIAN DEVELOPMENTS ...THANKS I AM SERIOUS ABOUT THE PEOPLE WHO KEEPS MONEY IN SWISS BANK ....
NO WORDS ....REGARDING SWISS AND KEEPING MONEY IN SWISS THEY ARE NOT HUMANS
BAI THANKS AND SORRY OF MY WORDS MISTAKEN
THNKS RAJARAO
.The Britsh Inland Rvenue is vigorously persuing this lead and have identified 100 accounts which they are confident of charging them with tax evasion and recovering such unpaid taxes with interest and penalties. Source: UK Newspapers matter which is widely reported. Sonia Gandhi has such monies slashed away in Swiss accounts, hence no coincidence that the Indian Govt has no interest here.
.Mr. Ramesh u seem to be mentally sick who keeps on asking ppl wats ur full name..phone number and where do you Live ?
Why should you need our address...first you tell where do you live...your are behaving like a first standard kid....who was caught red handed cheating and now shouting just so as to show that teacher is setting you up...I realy feel pity for your family.
.end of hte game will be with Swiss banks :-(
this is should be contorlled.
y not our indian banks provide this kind of provision, then money will be with in our conuntry banks.
.to,
swiss bank,
please request your clients (from india only)pls.give some amount from their account to make good infrastructure in india.
.to,
swiss bank,
please request your clients (from india only)pls.give some amount from their account to make good infrastructure in india.
.How come one may sure about the authenticity of the information provided?!
And its nearly unbelievable that swiss banks may give any hint about sum total of the money depostied in their banks.. Moreover those are not govt or central bank but most of them are run by pvt hand, how come an accumulated info can be given on this basis by them ! Plus a great no of money is deposited in panam's banks as well and I sure am that the money deposited by columbai/USA drug dealers, politicians and industrialist' will also be of a great sum..
.I, as an individual have made it a point that I will not allow anyone to loot my hard earned money. I protest for every single extra rupee that I have to pay.....no bribery!!! We all can ensure that corruption falls...however, its we...I as individuals who has to start first. So its WE who have to save India.
.will this needs to taken action immedately, SAVE India, SAVE us. We are the suferers.
We are working aboard leaving our family behind to earn our beard and butter, and these GUY ruine My country and all of us.
.I have gone through the quoted SBA Report and do not find the information there. have I missed it? Grateful if the link to the report is put as well even now to prove authenticity of the write up.
Mr. TEST
are you honest or you name is test- before asking othersw to be honest- be honest your self- i bet you will never change
.It is strange that on one hand we(India)allow the currupt persons to loot the wealth of the Nation and on the other we go with begging bowl branding ourselves to be the poor country of third world. A campaign by the mass is necessary to bring back the looted money.That day will come
Vasant Kumar
Vasant
It is not Politicians -it is the public- people have to change there thoughts
.Cheaters, keep it up . good show indeed . well give them a pat.
well this is what we can say and do nothing. This is the fate of India .
.To ALL: 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. Sixhundred 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 aLiechtenstein 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 financeministry 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.
.AFTER READING THIS IT MEANS THAT "WE INDIANS ARE RUNING SWISS BANK".THIS DEPOSIT CAN BE A BAD NEWS TO THE MIDDLE CLASS OR POOR PEOPLE.BUT SIMULTANEOUSLY IT IS A NEWS WHICH MAKES ALL INDIANS PROUD ."INDIAN BLACK MONEY RUNS SWISS BANK"
.AFTER READING THIS IT MEANS THAT "WE INDIANS ARE RUNING SWISS BANK".THIS DEPOSIT CAN BE A BAD NEWS TO THE MIDDLE CLASS OR POOR PEOPLE.BUT SIMULTANEOUSLY IT IS A NEWS WHICH MAKES ALL INDIANS PROUD ."INDIAN BLACK MONEY RUNS SWISS BANK"
.THIS IS TOO MUCH.A COUNTRY WHICH NEEDS FUNDS FOR EACH AND EVERY SINGLE THING HAS A DEPOSIT TO FEED THE WHOLE WORLD.WE CANT BLAME THE BANK BUT,THESE ACCOUNT HOLDERS FOR A BACKLOG COUNTRY.
.this is an arrticle, if its contents are half true is an extreemely important story. May I ask the auther what is the source of all this information and I would like to be a part of the group interested to expose these corrupt indians
Mr. Sen I am not going to discuss source...if you are smart you can find it,,,it is published and CBI has the list- i cannot release the sources and Mr. Sen you should know how to ask a question, it looks like you are uneducated- you should not attack people and there is way to ask question- do email me your full name address, tel and we can talk- but my job is not to help india
.Looking at the old comments from myriad people and some of the responses from the author, I was very very surprised as to how Ramesh, the author can get opinionated. His inability to handle criticism and his abusive style is surprising.
If he continues like this, High BP would be just around the corner for Ramesh. I feel sorry for his kids and his wife, if he is married that they have to bear with a person like him. may god help them. Amen.
.If the figures are true, then these are indeed shocking. I wonder the aunthicity of the figure, though.
.it s amazng !!! In fact British rulers were much better than these so called Netas ( leaders) We must try to get these aounts back to India and distribute to those who are needy.
.The money would not be there if there were proper Rule of Law in this country and if the illegal usurious taxes were not mandated by successive governments. It is no use blaming these tax havens !
.The author seems to be very narrow minded and cannot take criticism at all. Mr. Ramesh, why do you want to talk about upbringing, father, mother, region, religion etc in your comments / replies to people, while people are only asking for the source of the figures you have quoted. You claim yourself to be a writer, if so, learn to take criticism as well rather commenting abt being an internet crrok or upbringing by the father, mother or from being in Soth India etc... Do have a Swiss account yourself? Is that why you are afraid to reveal the source... fearing that the readers might dig into your own Swiss account details?? Come on man... learn to take criticism in ur strides and stop acting like a small kid ... calling ppl names and abusing their region, religion, parents upbringing etc... Mr. so-called writer... please GROW UP
.I do not for one minute doubt the facts presented. I am sure that there are large amounts of money that have been removed from India (maybe more than $1.4 trillion; maybe less).
But, how easy to point the finger at others and say it is all their fault!! Does the writer of this piece know of the Swiss law called "Entre-aide Judicaire"? If the government of India will present a prima facie case of corruption and name the appropriate individuals, the Swiss will open their bank books. This is what the Philippine government did to get back a good chunk of the money looted by Ferdinand Marcos. So how many cases have been presented by the government of India?
I believe it was the English political philosopher Edmund Burke who once said " A people usually get the government they deserve." If India has a corrupt political system, it is because the Indian people voted for one! It is quite well known that most Indian voters first look at the caste and religion of the candidate; honesty and ability come a distant second. Just look at when it comes to hiring, etc. The first thought is "Oh! He is "xyz" (fill in the appropriate caste, religion, region, etc) like me so I will hire him. In other words honesty is not rewarded (and in fact is often punished).
Now add to the above the absolutely idiotic taxation system in socialist India (thankfully changed now). Do a small experiment. For the next 6 months pay 95% of your income as tax. Also pay bribes to the various government officials so they do the work they are supposed to do for you. Now see if you still feel like paying taxes honestly after that! Once you have encouraged dishonesty, it is very hard to turn back.
Now add again to all the above, the incessant demands of the politicians for money for elections, etc. and it is no surprise that you have so much black money!
Taking an honest look in the mirror is a very hard thing -- but often very necessary.
KBC
why do you change your name every day- look all over south- india's most dishonest people live there- why dont you write your full name
.If the CBI and IB do have all information as per your post, why is it that these people are still sitting pretty and so is the money?? Its hard to believe that, after knowing whose money it is, CBI and IB still cannot do anything to them... or is it that they are too powerful for any action to be taken against? Some input will be welcome
why do you keep on changing names- are you first class crook? You should learn history of third world nations, look what is happened to Muslims and Christians. try to be civilized nations. Ask them why no action is taken.. Are you internet crook?
.Thanks for highlighting this fact. This is really amazing. So much money we have & still deprive for bread. If you provide me all the information with source we can proceed a public petition against all these ppl.
.Hi,
Excellent write up. could you tell me the source of this info? my email: shanemukesh@gmail.com. Itz hard to believe this much money is there. But surely the big guys have lot of stuff in Swiss banks.
Thanks and Regards,
Mukesh
.What is the source for the India---- $1456 billion number ?
Please post the authentic source
regards
Vinayak
Vinayak,
as a writer I am not suppose to give you source, I do not know who you are and why do you want it. give me your tel no full address and full name and we can talk- just for your information even names and balance are available.CBI and IB has all the information, you can call them .
Do you have name Or N is your name? why do you keep on changing your name.? please do not lie? can I have your tel NO? Email? where do you live? Stop lying.and remember no writer will give you sources . I have given you enough hints and you have to work on doing some research and spend some money.
.How authetic are the figures mentioned here? The author himself mentions that -"India could not trace the ultimate beneficiary of those transactions because of the secrecy associated with these bank accounts" and how did this author get the figures from the very same Swiss bank? Do you have any documents to prove its authenticity
Suresh , Vishal and every one.
Sorry for delayed reply. I travel a lot and I am Argentina These are very authentic numbers- I am unable to tell you the sources, but if you do enough research you will find them. one more thing that might assist you, what ever you are doing is no of accounts is 22,000 for the amount.and no of Indian tourist visiting Geneva and Zurich wee greater that any European countries, some of you have use childish and abusive language please do not do not that it reflects of your father, mother and upbringing. you can ask me any thing , and this is not my ful time job. best regards
.Well Well Well... we as Indian are proud to be an Indian. We are the chest beaters who are happy to be negative about the country. Many of the persons who have commented on the article are astonished to see the numbers. Their praise for the article do not come from the fact that they are ashamed of this fact but have come because this article is trying to proof their self-righteousness - "I told you so...".
As far as article is concerned I would not like to comment on the figures but one thing for sure about - "Black money in Swiss banks -- Swiss Banking Association report, 2006 ". I have downloaded the Swiss Banking annual reports both for 2005-2006 and 2006-2007. Leave about the black money the reports do not have the word black in them. Since the first reference gone awry, I did not bother to check any other reference mentioned in the article. Mr. Ramesh, please include the proper refernces next time for the articles.
.Can I ask you on what basis you decided that I have no knowledge of economics? The reason that you want to send to anyone the authenticity of above article, is same as why you have published this article. When you say something, please make sure it has purpose and proof both. All the best!!!
.I agree with Sameer , you should provide proof to substantiate your claims ,swiss banks don't provide figures is what I know . Also you seem to be really biased against people who don't like what you've written ,not a very good trait . You should learn to be a little more polite, my friend
.The story indeed is more revealing than shocking. I never had high opinion about the morality loudly professed by Indians in high positions either in present or in past generations. The more one is pontifical the more evil-minded he is. Indians have sung Mother and Motherland are superior to heaven. Lo and behold! They had till 1829 burnt their mothers alive as a ritual ordained by scriptures on the death of his father. Can they have a motherland at all? I don't think so.
Such men cannot have motherland, they may have at least a homeland. Nobody can have faith in them. They can do any vicious crime for personal gains.
Now see the same Indians have looted t he country and kept in secret accounts money that could have done immense good the the poor nation. The people who have done it show copies tears from public platforms for the common man who implicitly believe them as they are illiterate and ignorant.
The have betrayed their mothers, no wonder they are doing the same for India.
.I would encourage the author to publish the proof also, if that is not violating any copyright rules.
May I also request to send a copy to me?
I am not sure if the figures mentioned in the article are true, but i believe that there will be definitely such money which is more than our nations foreign debt, annual budget, etc. in foreign banks.
who are you? There is no reason to send it to you? Do enough research you will find it. why i do i have to prove to some one who has no knowledge of economics
.The author seems to like those who comment in his favor, and attack the ones who criticize. That doesn't reflect a balanced writer, and makes me suspect the authenticity. I don't know whether these are facts or not, but I would've liked to see some supporting material. What is his source? No banks release this kind of information, and Swiss banks???
I gave my email when I submitted my comments, just like I'm doing now. Pls do write to me. But, why not post the information here so everybody can read it? Freedom of speech.. Press rights??
I don't think my living in India or else where would matter, and I do have a very good idea of corruption in Bombay or rest of India or rest of the world for that matter. Forbes or Time (do not remember correctly) ranked the countries a few months ago based on corruption levels, and India was not even among worst 25 countries.
Thanks for comments- send me your email i will send you official information from the banks-.Do you live in India- only Indians can make these remarks- you have no idea how corrupt are people in Bombay
.The article is bogus and does not substantiate any claims. so it looks like the only aim of this article is to bring traffic to this site playing on minds of people. pathetic losers.
I guess you are insecure about yourself. have you been to high school? Do you have have a name apart from Peter - what will i do with traffic..perhaps your mother can tech you manners
.I have always been proud of my country (India). However, reading articles like these make me sick of our inability to control corruption. If one Chinese stood up against the tank of the might of the Chinese army in the Tianamen Square, so can a billion Indians stand up to the handful of corrupt politicians and businessmen.
.Now we know the fact.
what will be the next action?
How can we bring our money back to our country?
have anyone think on it?
Just writing comments like true true
are we going to solve this problem
I think everyone should think for the solution rather than giving faltooo comments
.Now we know the fact.
what will be the next action?
How can we bring our money back to our country?
have anyone think on it?
Just writing comments like true true
are we going to solve this problem
I think everyone should think for the solution rather than giving faltooo comments
.True True certainly true. Man ! India��s politicians and other like corrupt officers, cricketers, film actors, illegal sex traders and protected wildlife operators will never ever change in their life ,So there��s absolutely no possibility of India getting developed like US or Singapore(Zero crime city).We as individuals can hardly do nothing at all.
Lets look into our life and family and make sure that we from our end are clean in front of god��s eye.There will definitely be an end for all this ,Some thing that goes up should definitely come down one day no matter what.Let��s watch it patiently.
Regards,
Jay
.After reading this article we can say that politician lead india and one of the major reason of poverty is only corruption.
One more thing no one is going to take action on it until and unless,like rahul gandhi youngster came to rule
.It's called corruption on massive scale. You wonder why India has poorest of the poor in the world. It's because the elites of India hide and spend their money in foreign countries. India is no different than the people Indians look down at on the world. India is in fact worse since it's suppose to be a democracy.
.Believe me dear, India is not a democratic country. No foreign investor, who actually comes and sees functioning of India, no diplomat believes India is a democratic country. It is only few Indian corporates, who you can approach directly with an idea and they may listen to you and that's including IAP Group.
Without referral, no VC Firm listens to you, no banks helps you with large industrial funding, no bureaucrat listens you, no department will give any subsidy or loan to you.
Today until problem is shown on TV, it is not considered as a problem and no action is taken. It is sad the way the judicial system works that we need external help to get justice.
If you have a idea and want to invest large amount for development of people, you are scrutinized and your political interests are judged. It is this reason, what FDI you see today is just drop of a ocean. Real investors have still not entered India.
I have right to say this because, i have lost more than INR 25 Lakhs till date because of this system and i have made it my personnel war to improve this system by not shouting but by becoming part of the system and improve it from inside.
.To be very honest with you, though ideologies of both CPI and BJP can be defective at some places, but CPI leaders are extremely honest but fanatics. BJP may sound fanatic but when they came to power, believe me their were rumors that time that they are too scared to take any money as had no idea how to do it? At the same time, they have only come once in power. Main culprits are Congress, whose founders were pure communists by nature but capitalists by blood, so had no idea, where India should go. Till 1991, we were communists country. By then it had affected the society so much that we can see its effects now when we are trying to improve society. Saying is something else but when you actually go ahead and try to do something in this country, believe me until you are someone, or huge bank account, no one will listen to you. This country has no values for ideas, whereas as are vedas had taught us to value vision and ideas more than any written text. So, today whether it is a CPI, BJP or anyone else, he is born out of the system since birth. Where system was laid by congress, So no grey haired individual has any idea what democracy is? Its we as present generation, who has to leave our high paying jobs and either become part of administrative staff or enter politics. But again fact is, if you do so, people will not support you. They all are so greedy and will know that you are honest and will never do their work and this country is full of favors and greed. Our country needs drastic change, a change which can either be brought by some Military general, extremely rich person who buy all people to vote for him and re-write democracy AND THERE IS NO OTHER SOLUTION. System will finish us if we try to make a change and please note that not politicians, its people who will not allow us to live.
Why don't you write your name? I dont agree with you - you do not know the facts, about CPI and BJP. What will be difference between India and China? It is because of democracy World loves India- What is your tel no I will be happy to call you
.Democracy in this country needs to be re-written. This will not last for long.
.Did it ever occur to you that 50 years of looney economics is responsible for this.I mean from 1950-1990 the tax rate was 90% for businesses.Do you really think any 'honest' business could survive that.Of course not.Perverse evolution has taken place in this period due to licence raj,90% tax etc only the corrupt could survive by bribing inspectors and dodging taxes.We reap what we sow however things are improving and now the next gen of companies infosys,wipro etc are relatively clean.As for getting our money back.How is it our money?Most of it is undeclared profits etc and lets not forget we have a very rich NRI community which is involved in the diamond trade etc
thanks for note. I agree with you only on few things not every thing. NRI's are not healthy for Indian economy nor are Diamond Merchant from Surat, they are the ones who create dual , unreported economy, they are more CBI cases in Gujarat or Bank Fraud than any other state as per CBI data. But instead of 90 it should have been 50 percent regards
.It is simply outrageous that 1.4 trillion dollar(an amount greater than the entire Australian Federal Government budget) can the stolen from everyday Indians.
The government should launch an investigation into this racket and pay of all foreign debt then use the remainder to fight poverty in India. But of course this will never happen, because it would result in the entire government being put into jail for fraud.
Just the amount given by World Bank, IMF, Swiss Bank and US Govt International Fraud. I wanted to open a Hotel and first think I was told by Attorney to keep half a million reaqdy for bribes
.I would only request the children of such corrupt people to come out openly and reveal what their parents did.
They rae the only people who can make change.
.Please stop being hapless helpless Indians.Visit www.jago.in & see the movement that is taking shape. Surely we can deliver India IF, we stop being indifferent & come forward as committed souls to uproot this evil word corruption.
.Your article is brillient up to some extent we are so intelligent and wealthy that if we die so let them happy ourself that on Earth we have own $1500 billions.
Melbourne.
.Ask Congress or BJP or any other party to ask for transfer of these amounts to RBI then all will join hands cutting across party lines in preventing it.Lefts silence despite being pro poor is very intriguing. Mayawati's Swiss Bank is here itself so no reason for her to oppose it.
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