Rudolf Elmer Disclosure:
The Swiss whistle blower and former Executive of Swiss Bank Julius Bar who was jailed twice in his effort to expose the dark side of the Swiss Bank Accounts has come out with startling revelations on Indian black money, despite further threat of imprisonment.
1).Indian money worth $ 1.3 Trillion (or is it $ 1.4 Trillion?) has been stashed in Julius Bar.
2).Cricket players, Film stars apart from business corporates have accounts with the bank.
3).The Indian Govt. is grossly unconcerned about this huge amount of money looted from India.
Mr. Elmer, out of his modesty ,has refrained from divulging the names. Julius Bar being one among several Swiss Banks, whatever stands revealed now is just the tip of the iceberg.
You know how much is 1.4 Trillion U.S.dollars? It is worth Rs.64 lakh Crores.
Considering the total foreign debt of India which accounts for $ 297.5 billion ( as at March 2011), the $ 1400 billion worth Indian money idling in one of the Swiss Banks will suffice to fund foreign borrowings for centuries to come.
Total Revenue Receipts envisaged for the year 2011-12 as per Union Budget 2011 aggregate to Rs. 18.20 Trillion which is equivalent to just Rs.18.2 lakh crores.
So, we the people of India who are the true custodians of power even above the Parliament need to resolve and compel the Prime Minister of India to bring back the entire money looted from our land and stashed in the Swiss Banks. |
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