LOOK WHERE OUR MONEY IS GOING???? Revelation on Swiss Bank
Accounts "who can save india no one knows
where taxpayer
money is going "
Revelation on Swiss Bank
Accounts
This
is so shocking . . . .
.
wish black money deposits was an Olympicsevent . . . . .
India would have won a gold medal hands down.
The
second best
Russia has 4 times lesser deposit.
US is not even there inthe
counting in top five !!
*India has more money in Swiss banks than all the other countries combined
!!!!*
Recently,
due to international pressure,
Swiss govt. agreed to disclose the names of the account holders
only
if the respective govts formally asked forit. Indian govt. is not asking for the details
. . . . no marks for guessing why ???? We need to start
a movement to pressurise the govt. 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 Swiss banks With personal account deposit
bankof $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?. 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..
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
& 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 theforeign debt.
If this surplus amount is invested in earning interest,
the amount of interest will be more than
the annual budgetof
the Central government. So
even if all the taxes are abolished, then also the Central government will be
able
to maintain the country verycomfortably. .
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, illegalsex trade
and protected wildlife operators, to name just a
few,
sucked thiscountry's
wealth and prosperity.
This maybe
the picture of deposits in Swiss banks only. What about otherinternational
banks?
Black money in Swiss banks -
- Swiss Banking Association report, 2006 details bank deposits in the territory
of Switzerland
by nationals of followingcountries :
Top Five 1. India ---- $1,456 billion 2. Russia ---$ 470 billion 3. UK -------$390 billion 4. Ukraine - $100 billion 5. China -----$ 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 thebiggest
loots witnessed by mankind
-- the loot of the Aam Aadmi (common man) since 1947, by hisbrethren 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 ofits wealth..
Ordinary Indians (now recently named
as slumdogs, by proud Indian Film Stars)
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 theproliferation
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 byrich
individuals across the globe.
The findings estimated that a large proportion of this wealth was
managed
from some 70 taxhavens.
Further, augmenting these studies of TJN,
Raymond Baker --
in hiswidely
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 1 %
of the world's population holds more than 57 % of total global
wealth,
routing it invariably through thesetax havens.
How much of this is from India is anybody's
guess. What is to benoted
here is that most
of the wealth of Indiansparked in these tax havens
is illegitimate money acquired through corruptmeans. 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 CAN SAVE
INDIA ?*
