Finance, Forex and Investments

Coming from the Swiss Banks could this be true ?

Swiss bank revealed India has more money than rest of the world This is so shocking.. ..If black money deposits was an Olympics event.. India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U.S. is not even there in the counting in top five! India has more money in Swiss banks than all the other countries combined! Recently, due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it.. Indian government is not asking for the details... ..no marks for guessing why? We need to start a movement to pressurize the government to do so! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption! Please read on and forward to all the honest Indians to like somebody is forwarding to you... and build a ground-swell of support for action ! Is India poor, who says? Ask the Swiss banks. With personal account deposit bank of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country's foreign debt, one needs to rethink if India is a poor country? DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them. This amount is about 13 times larger than the country's foreign debt. With this amount 45 crore poor people can get Rs 1,00,000 each. This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India , the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably. Some 80,000 people travel to Switzerland every year, of whom 25,000 travel very frequently. 'Obviously, these people won't be tourists.. They must be travelling there for some other reason, believes an official involved in tracking illegal money. And, clearly, he isn't referring to the commerce ministry bureaucrats who've been flitting in and out of Geneva ever since the World Trade Organization (WTO) negotiations went into a tailspin! Just read the following details and note how these dishonest industrialists, scandalous politicians, corrupt officers, cricketers, film actors, illegal sex trade and protected wildlife operators, to name just a few, sucked this country's wealth and prosperity. This may be the picture of deposits in Swiss banks only. What about other international banks ? Black money in Swiss banks - Swiss Banking Association report, 2006 details bank deposits in the territory of Switzerland by nationals of following countries : TOP FIVE INDIA $1,456 BILLION RUSSIA $470 BILLION U.K. $390 BILLION UKRAINE $100 BILLION CHINA $96 BILLION

Public Comments

1. Well India does have over 1,000,000,000 people, possibly slightly more than China. 1/3 of the world's people are either Indian or Chinese. It is obvious therefore, that those two nations would have the most money. The true measures of wealth are GDP and per capita income, rather than the combined currency of a nation.
2. Why would the U S put money in a swiss bank?
3. The Indians may be the largest depositor of money in secret Swiss accounts, but that does not make them the richest nation in the world. It only shows that the Indian government is the most incompetent in catching their tax evaders.
4. Its a well laid out question. But nothing new - its been going on forever and talked about for the last 50+ years and no one will ever be able to stop it. At present (new rules as you say) those found out by there governments may have to explain as to their actions - but those people 'now planning' to stash their money away will just look around for another country who will help them 'hide' their monies. And there are 100's of tin pot countries out there - that for a profit will do just that - and so it goes on. When you think about the amount of money 'slushing around' out there - all comming from illgotton gains :- government leaders stashing away their countrys grants and aid recived from well meaning (but miss guided) countries trying to help out + all the corroupt business & money people living on this planet - Its no wonder they need somewhere to 'hide' it........I just wish I was one of them - my honesty never got me anywhere.