India’s Black Money $1.4 Trillion Stashed in Swiss Banks

According to the data provided by the Swiss bank, India has more black money than rest of the world combined. India topping the list with almost $1500 Billion black money in swiss banks, followed by Russia $470 Billion, UK $390 Billion, Ukraine $100 Billion and China with $96 Billion.

• It is estimated that the Indian black money stashed in foreign banks is a staggering $1.4 trillion dollars.
• According to analysts “India tops the list for black money in the entire world with almost $1,456 billion in Swiss banks in the form of black money.”
• According to the data provided by the Swiss Banking Association Report (2006), “India has more black money than the rest of the world combined.”
• Indian-owned Swiss bank account assets are worth 13 times the country’s national debt. Independent reports published through 1991 to 2011, calculated the financial net worth of its most powerful dynastic Nehru-Gandhi family is between $9.41 billion and $18.66 billion, most of it in the form of illegal laundered monies.
• Russian Harvard Scholar Yevgenia Albats, and investigative journalist cited KGB Chief Viktor Mikhailovich Chebrikov divulged actual payments to Rajiv Gandhi “authorisation to make payments in US dollars to the family members of Rajiv Gandhi, namely Sonia Gandhi, Rahul Gandhi and Paola Maino, mother of Sonia Gandhi” from the CPSU in December 1985.
• Dr Manmohan Singh’s (read Sonia Gandhi) UPA government were to the tune of $32 billion. The Hindu ran the story on June 13 this year as, “the Communist Party of India (Marxist) on Sunday hit out at the United Progressive Alliance government, saying it lacked credibility to fight corruption. The party advocated inclusion of the Prime Minister in the Lokpal legislation.”
• 80,000 Indians travel to Switzerland every year, of whom 25,000 travel very frequently.
• India with $1456 billion or $1.4 trillion has more money in Swiss banks than rest of the world combined. Public loot since 1947

The Indian government needs to take some serious steps to get the money back to India which is stashed in Swiss banks. They should work to find out the names of account holders in Swiss banks and also pressurize Swiss bank to get the black money back to the country. This has also become a matter of pride of nation and if the government still keeps silence about this issue then they will only be making themselves a laughing stock for the entire world.