The white truth about black money

November 21 2010

Indian government’s attempts to bring back black money from Swiss accounts aren’t’ bearing fruit. The Swiss government refuses to give the names of the account holders. It feels that if the Indian government comes out with solid proof the same, the matter can reach the court and if the court agrees, only then will the names of the account holders be given to the Indian government. And if that money has come from crime and drugs, it is a punishable crime in Switzerland, too. But the Indian government knows that most of the money in these banks belongs to industrialists, politicians and bureaucrats. And if it takes the route of the court, the matter will become all the most complicated and the government’s money will be spend in vain. And those names that will surface will be out with their money before being nabbed.

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