empower lokayukta

empower lokayukta
empower lokayukta

Monday, April 6, 2009

Do you want a 5 year vacation?

No kidding. It can be possible. Read on..

1. According to 2006 Swiss Banking Association report, Indians have nearly USD1.46 Trillion (with a T) in the banks of Switzerland. This is the highest among all nations… the second highest is from Russia… USD 450Billion (1/3rd of what Indians have in there). But wait..

2. Former Joint Director of CBI B.R.Lall writes in his book – Who owns the CBI? “I had attempted to investigate and analyze the Swiss banking chain alone and had assessed Indian wealth in that single country at $5 trillion. There are some other well known ‘slush parks’ like St Kitts, Antigua, Bahamas, Isle of Man and Liechtenstein that multiply such holdings manifold.”

3. Germany approached India couple of years ago to open up the accounts in the principality of Liechtenstein because majority of its deposits are from India and they are worried this could be used for Money Laundering by terrorists – Mr.Singh’s govt. didn’t respond.


Summary: India’s annual GDP is $1.5Trillion. Total black money out there is 5 times our GDP…. There is no country in the world that has this distinction..

If we can find a way to get that money out :

No Indian has to work (produce) for 5 Years. But can keep getting paid as usual.

Government doesn’t need any Tax revenues for 5 years and still can continue to spend just like it is spending now.

Each state in India spends more money on its elections than both Obama & McCain spent over 2 years.. Imagine all the money spent on ONE election is used for Infrastructure development?

Did I mention there are 5 Million people in the state of Andhra Pradesh alone without access to a toilet!

(this entry is based on an email from KP)

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