Re: [BST] Black money: $2.5 billion stashed in Swiss banks by Indian clients - Do you not agree that Due to Extra time given by the Corrupts to themselves, the money has disappeared?? GENEVA: The Swiss National Bank, the central bank of Switzerland,
premshanker gupta
deposited as also withdrawn/
transferred durmg the last 5 years. The truth will come out.
We should have gone to UNO as also the International Court of Justice
compelling all these Banks
to seize all such amounts with them till finalisation of the case.
These foreign banks, in all fairness,
should have asked the depositers for furnishing the sources of their
funds to ensure that
the money depoisted with them is not clandestine money - looted and
stolen from any nation.
No bank in any part of the world can act as depository of plundered
and stolen money.
But all such action can be taken/ could have been taken only by an
honest Govt. The Goivt, which
itself is embedded with a plethora of corruption charges, can only
be expected to take diversionary
action, which we all are witnessing. Such a Govt has no moral or
constitutional rights to continue
ruling over the nation. It is simply unfortunate that opposition
parties are seemingly paralysed
and lack the guts and grits to compel an anti-national Govt to quit.
2011/7/17 Om B <oumb...@gmail.com>:
> Black money: $2.5 billion stashed in Swiss banks by Indian clients -
> Do you not agree that Due to Extra time given by the Corrupts to
> themselves, the money has disappeared??
>
> GENEVA: The Swiss National Bank, the central bank of Switzerland, has
> estimated that Indian clients had deposits of about $2.5 billion in
> banks in the European nation in 2010.
>
> This is just a fraction of the $1.5-trillion figure that had been
> projected by political parties and non-governmental organizations, who
> have attacked the UPA government with their anti-corruption movement
> over the last few months.
>
> "The Swiss National Bank can only say that liabilities of Swiss banks
> towards Indian holders according to our annual statistics... were
> Swiss francs 1.9 billion ($2.5 billion) in 2010," Walter Meier ,
> spokesperson for the Swiss National Bank's president, said.
>
> According to him, the liabilities of Swiss banks towards Indian
> holders were Swiss francs 1.965 billion ($2.7 billion) in 2009 and
> Swiss francs 2.4 billion (about $3 billion) in 2008. In the aftermath
> of the financial crisis that engulfed the West after the collapse of
> the Lehman Bank in the US in 2008, Swiss private banks, particularly
> their largest bank UBS, had suffered huge losses. Subsequently, there
> were substantial withdrawals of funds from Swiss banks.
>
> Unconfirmed reports suggested that several Indian companies and
> private holders had also moved funds from Switzerland to Singapore
> following the financial crisis in 2008. Moreover, several legal cases
> were filed against Swiss banks, especially UBS, for parking funds by
> wealthy US citizens through tax evasion.
>
> In addition, the banks came under growing international pressure from
> the Paris-based Organisation for Economic Cooperation and Development
> and faced tougher G-20 financial regulations.
>
> All these forced the Swiss government to considerably relax its
> confidentiality provisions of numbered accounts that provided the
> extreme forms of client confidentiality until two years ago. After the
> OECD reported a list
> of such "uncooperative" countries as Switzerland, Luxembourg, Austria
> and Liechtenstein, among others, to the G-20, there was a panic
> reaction.
>
> http://economictimes.indiatimes.com/articleshow/9258696.cms?intenttarget=no
>
> --
> Manage emails receipt at http://groups.google.com/group/bharatswabhimantrust/subscribe
> To post ,send email to bharatswab...@googlegroups.com
> http://www.rajivdixit.com - Rajiv Dixit audio and videos lectures.
> http://www.bharatswabhimanyatra.com - Swami Ramdev's Yatra Videos
> http://www.bharatswabhimantrust.org - Bharat Swabhiman Official website
>