`India main source of black money`
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Tuesday, May 29, 2012 
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'India main source of black money'

Last Updated: Tuesday, April 26, 2011, 15:11
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`India main source of black money` Zeenews Bureau

New Delhi: In what may put more pressure on the government to bring back black money stashed in banks abroad, WikiLeaks founder Julian Assange on Tuesday confirmed that ‘there is more Indian money in Swiss banks than any other nationality’.

In an interview to a private news channel, the founder of the whistle-blowing organization disclosed that he has access to the Swiss bank details about Indian nationals who have stashed foreign money in Swiss controlled banks all over the world.

“Yes, there are Indian names in the list,” he said.

Assange, while expressing concern that Indians depositing billions of black money in foreign locations is having a cascading impact on the economy, stressed upon the need for the government to be more vigilant on the issue.

“The Indian government needs to be more aggressive in tracking the black money stashed in foreign banks since Indians depositing money in foreign banks is debasing the rupee,” he pointed out.

However, he lamented that the Indian government’s response to the stunning disclosures made by the whistle-blowing website have been “very discouraging”.

“The Indian government’s response to the disclosures made by us has been the worst in the whole world. The Indian government has been clearly attempting to mislead the people of India. I have been told the PM Singh is not corrupt, but his intention so far in tracing the black money stashed abroad has been very disappointing,” Assange said.

The WikiLeaks founder also categorically rejected the government’s argument that the double taxation agreement with the Swiss authorities was hampering the efforts in bringing the money back.

“Double taxation has nothing to do with the assets hiding. It’s affecting the economy and making things dearer for Indians,” he said.

Suspecting a foul play by the Swiss authorities, Assange stated that the disclosures by his organization have made people jittery in the concerned nations as he has been approached by some elements to return the Swiss bank data in return for big favours.

Julian Assange also lamented that the Swiss bank whistleblower Rudolf Elmer, a former employee of Switzerland’s Julius Baer Bank and Trust Ltd, was being held hostage for leaking the list purportedly containing names of the secret account holders to WikiLeaks.

Assange said that he was being threatened to withdraw the crucial information which he has about Swiss banks account holders over the pretext that it would jeopardize the banking business in Switzerland and other safe tax havens.

Reacting to the report, BJP spokesperson Nirmala Shantiraman has asked the UPA government to take urgent steps in bringing back billions of unaccounted money stashed in foreign banks, reveal the names of major tax evaders and punish them.

Senior lawyer Ram Jethmalani, who is the main petitioner in the black money case being heard by the Supreme Court, has lashed out at the government and said action must be taken now.

First Published: Tuesday, April 26, 2011, 15:11

Comments

Javed - Kolkata
kehna bahut aasaan hai per karna naa mumkin k barabar.. hum public`s se hi ye politic`s hai, aur politics se ye corruption.. hum khud hi corruption ko badate hai aur ab badi badi baateien kar rahe hain.. dum hai to india ko bandh karke dikhao.. minister`s k kaam ko check karke dikhao, unhe apna kaam yaad dilakar dikhao, chahe baatse ya fir laatse.. india koi gaadi nahi jisko minister`s ya govt.driver bankar chalayenge.. india is a indipendent country per hum ab bhi gulaam hai.. apni aazaadi ko yaad karke, khudko aazad karo.. aur corrupterz ko barbaad karo, tabhi black money back aayega.. purse ka money jabtak pocket pe hota hai hum bank nahi jaate.. try to understand it.. bye n think about it dum lagake.. dimaag lagakar kuch nahi hone wala.. come in d field n fight 4 ourselves..
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hardik - mumbai
this all minister have so much black money
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sagar - delhi
our leaders are corrupt they have parked huge money that is reason they are not making the efforts to bring the money back.moreover some informarion regarding name of the persons our government is not depicting.
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jothinathan m.c. - tirupur
jai anna hassarri, jai ours aim and achieve,save indians money,
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KRISHNA - Bangalore
who said india is poor...indian`s are freakingly rich, only thing is they wont have their own money with them.
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Gaurav Thakur - sonepat
indian govt. should change the low and oder
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shyam - navi mumbai vashi
because of low lebel of rules in india.. to protect that people , it hazard for india and indian people.
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sankar - tenkasi
india is high in ruler hand . so pls consider the poor in u r mind . to develop india. jai hind.
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surat - pune
na sathu na santasi. na ye dharti he pyasi. jab apna ho paraye hath. ye sabase badi udaasi.
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Pawan kumar - Delhi
if black momey of india is so big why is swiss bank not announcing person name . our country is very poor , he should help our gov.
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Most liked Comments

G.S -
I would love to find out if swiss banks can transfer money to HELL.



Pawan kumar - Delhi
if black momey of india is so big why is swiss bank not announcing person name . our country is very poor , he should help our gov.



ANAND - CHENNAI
ALL INDIANS KNOW BLACK MONEY ONLY MAKING INDIA INTO POOR... IWOULD LIKE TO BRING THAT BLACK MONEY FROM SWISS BANK TO INDIA... ALL INDIANS THINK LIKE THAT MEANS INDIA WIL DEVELOP SOON.. IT CREATE HISTORY.................