Indian black money
In India, black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money. The black money is accumulated by the criminals, smugglers, hoarders, tax-evaders and other anti-social elements of society. Around 22,000 crores of rupees are supposed[citation needed] to have been accumulated by the criminals for vested interests, though writ petitions in the supreme court estimate this to be even larger, at ₹300 lakh crores.[1]
Map of tax havens, using the 2007 proposed “Stop Tax Haven Abuse Act“
The total amount of black money deposited in foreign banks by Indians is unknown. Some reports claim a total of US$1.06 – $1.4 trillions is held illegally in Switzerland.[2] Other reports, including those reported by the Swiss Bankers Association and the Government of Switzerland, claim these reports are false and fabricated, and the total amount held in all Swiss bank accounts by citizens of India is about US$2 billion.[3][4] In February 2012, the director of India’s Central Bureau of Investigation said that Indians have US$500 billion of illegal funds in foreign tax havens, more than any other country.[5][6] In March 2012, the government of India clarified in its parliament that the CBI director’s statement on $500 billion of illegal money was an estimate based on a statement made to India’s Supreme Court in July 2011.[7]
In March 2018, it was revealed that the amount of Indian black money currently present in Swiss and other offshore banks is estimated to be ₹300 lakh crores or US$1.5 trillion.[8]
Black money Indian account holders in Swiss Bank- 29 names
Black money in Swiss banks mainly from India
[Bismillahnews.in-07-08-11-New Delhi-Sohail Siddiqui] Wiki leaks has claimed to be in possession of two disc’s which they say they got from Rudolf Elmer.The list has 2000 names with majority from India.The entire list is on rapid share server, the address is 88.80.16.63 on port 9999[ SSL enabled].Wiki leaks claims that major share of Indian black money has been routed through Pakistan and deposits in Swiss banks started from early 70’s.
The few names of the Swiss bank Account holders, which are displayed below include names of prominent public figures and people from the corporate world.Though the wiki leaks have claimed another 985 Indian Account holders in Swiss banks.Some of the prominent names appearing arePrabodh Mehta[ 28,000 crore],Chintan Gandhi[ 1956 cr.],Arun Mehta [2500 cr.],Ramdev Pasvan[3500 cr.],Neara Radiya[2,89,990 cr.],Rajeev Gandhi[1,98,000 cr.],Naresh Goyal[1,45,600 cr.],Muthuvel Karunanidhi Stalin[10,500 cr.],Manoj Dhupelia[9,850 cr.],A Raja[7,800 cr.],Harshad Mehta[1,35,800 cr.], S.S.Palanimanickam[4,800 cr.],Ketan Parekh[8,200 cr],Paban Singh[3,908 cr.],Rendezvous Sports World[29,800 cr.],H.D.Kumaraswamy[14,500 cr.],C.P.Krishnan Nair[4,520 cr.],Lalu Prasad Yadav[29,800 cr],Jyotiraditya Madhavrao Scindia[9,000 cr.],Kalanidhimaran[15,000 cr.],Karunanidhi[35,000 cr.],Sarath Pawar[28,000 cr.],Suresh Kalmadi[5,900 cr.],Chidambaram[32,000 cr.],Raj Foundation[1,89,008 cr.],Urvashi Foundation[2,89,754 cr.],Ambrunova Trust[17,658 cr.],Arun Kochar[15,450 cr.],Prabodh Mehta[1,480 cr.].
Names of Swiss banks holding these accounts are mentioned in the chart below,some of them were having multiple main and sub accounts.The complete list of 985 more Indian’s would put the correct picture of account holders of black money in Swiss banks.
We are the first News channel in India to break this story as our commitment to high values of Journalism.But we will say we have to wait for complete list to analyze the over all Impact of this disclosure by wiki leaks.The rapid sever address mentioned above is located in Sweden and we could not procure the remaining list from the port 9999.
Source:
List of Black Money Holders from Wiki Leaks-03-08-2011
Black Money in Swiss banks mainly from India
