Asia News

Black Money Or Not, Indians Are Holding 1195 Swiss Accounts


The controversies of India remains the same where maximum people residing belongs to a below poverty level, and we are topping the chart of Swiss bank with 1,195 names and Rs 25,420 cores under investigation. According to the laundry list released on February 9, some of the premium ex-bureaucrats, politicians and businessman of our country are holding accounts with Swiss bank.

The names are like Smita Thackeray, daughter in law of Bal Thackeray, ex congress MP Annu Tandon, Ambanis , Neotias, Birlas and more. The news has raised a political squall throughout and under Supreme Court’s order a special investigation team are working on the details of 628 accounts of Indians held through HSBC. The report is of the year 2006 to 2007 and statistics shows fund of $102 billion globally was held by the bank among which Indian linked accounts contains 4% of the total. The investigation team claims all the accounts do not contain illegitimate money.

A fact of the report is that eight year old maximum of the account found is either having zero balance or come to its dead end and non resident accounts are still untraceable leaving behind hand counted number of 339 people for further questioning. Though the outcome of investigation is under process but at least we can say that Indian Express and International Consortium of Investigative Journalists (ICIJ) have achieved to induce fear into the hearts of wrong doers and put forward a strong example in front of the tax invaders.

JIT Mukherjii
After completing his MBA in Financial Management, he decided to shift to writing and took it as his full time career. Being the Editor-in-chief of this web magazine, he has got diverse interest in the field of politics and business related matters.

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