Nov 042011
 
Subramanian Swamy forms ACACI to tackle black money and its account holders

Janata Party President Dr. Subramanian Swamy recently formed ‘Action Committee Against Corruption in India (ACACI)’ for tackling the black money in Swiss Banks and its holders. The ACACI consists of members including former Haryana DGP and former CBI Joint Director B R Lall, academician Prof M D Nalapat and former IAS officer V Sundaram among others. “Our areas of focus would include nationalisation of illegal accounts in foreign banks and plugging tax evasion. ACACI has been set up to fight corruption in the space left […]

Indian money in Swiss banks transferred into safe heavens

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Oct 202011
 
Indian money in Swiss banks transferred into safe heavens

The investigating agencies have recorded a flurry of transfers from the Swiss bank accounts they’d been tracing for years. The money has been diverted to places like Macau, Isle of Man, New Jersey Island, Caymon Islands and Seychelles, all of which are tax havens. As per a report published in the daily DNA, the money in the Swiss bank accounts of Indian holders has been taken out and placed into safe countries with which India doesn’t have bilateral treatise. It seems, this has become possible […]

Indian government not serious in bringing black money back from Swiss Banks: Rudolf Elmer

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Sep 132011
 
Indian government not serious in bringing black money back from Swiss Banks: Rudolf Elmer

Whistleblower Rudolf Elmer revealed yet again the real intentions of Indian government. He said, “India is not serious to bring back black money and reveal the names of the account holders of Swiss banks.” After being released from jail, Elmer said, “The Indian government isn’t doing enough.” He said someone should put pressure on the government to act. “India is a big country, which is getting stronger by the day. It has the negotiating power,” he told an Indian news channel. Elmer is facing investigations in Switzerland […]