The total sum Indian politicians and bureaucrats have stolen/
embezzled from national resources exceeds the sums stolen by rest of
the world politicians and bureaucrats.:
http://www.dailytimes.com.pk/default.asp?page=3D2008%5C05%5C09%5Cstory_9-5-=
2008_pg4_19
$1.4 trillion Indian =91black=92 money in Swiss banks
* Amount more than deposits of rest of world combined
By Iftikhar Gilani
NEW DELHI: A 2006 re****t of the Swiss Banking Association dug out by
an Indian private channel, CNN-IBN, claims Indians are the biggest
depositors of black money in banks located in Switzerland.
Top five countries
in terms of such
deposits were:
India: $1456 billion
Russia: $470 billion
UK: $390 billion
Ukraine: $100 billion
China: $96 billion
India with $1456 billion or $1.4 trillion has more money in Swiss
banks than rest of the world combined. This must be unaccounted money
earned in India by wrong means as otherwise any Indian wanting to open
a bank account abroad has to take permission of the Reserve Bank of
India and records do not show any such permissions granted for
deposits in Switzerland.
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 pro****tion of this wealth was
managed from some 70 tax havens.
Javed Iqbal Kaleem
