Govt`s intention on black money suspicious: Advani

BJP leader LK Advani said the government`s intentions were "suspicious" on disclosure of information on black money.

Last Updated: Nov 04, 2011, 14:57 PM IST

Pune: BJP leader LK Advani on Friday said the
government`s intentions were "suspicious" on disclosure of
information on black money under the agreement made with
Switzerland.
He said since the agreement was to come into effect from
next year, it will give leverage to all those whose money was
parked in swiss banks to transfer or withdraw it.

"The very intention of the government is suspicious...it
had shown masterly inactivity in dealing with the issue of
black money," Advani told reporters here.

Stating that the agreement made with Switzerland under
which India can obtain banking information from that country
in specific cases will be made effective from April 2012, he
questioned, "Why have we given this kind of leverage to all
those who have parked their money in Swiss banks. Why 2012...
Why are they being given this opportunity (to transfer their
money to other accounts)?"
"This whole plea of taxation agreement does not inspire
confidence...Will it serve any purpose or the UPA Government
has given strong indication to the defaulters to transfer
their account to some other banks...or withdraw money from
their Swiss bank account?" Advani said.

The former deputy prime minister said while other nations
like the US, France and Germany are taking proactive steps to
bring back black money of its citizens stashed in tax havens,
India which has substantial stakes in this objective "is
unfortunately, under the UPA government, demonstrating
masterly inactivity".

PTI