Swiss govt ready to return money, UPA not responding : Kumar
BJP vice president Shanta Kumar on Friday claimed that Switzerland government is ready to return black money stashed away in Swiss banks to India and accused the UPA of lacking the willingness to act on the issue.india Updated: Jan 21, 2011 22:27 IST
BJP vice president Shanta Kumar on Friday claimed that Switzerland government is ready to return black money stashed away in Swiss banks to India and accused the UPA of lacking the willingness to act on the issue.
Quoting Swiss representative to UN General Assembly to support his claim, Kumar said the official had stated this in October last year during a debate which he had also attended as a member of the Indian contingent.
"Swiss representative to UN General Assembly Session Mithayas Batchman had said during a debate on corruption and black money in foreign banks that Switzerland government is ready to give back the money stashed away in Swiss banks but the return of money depends entirely on the will of the concerned country," the BJP leader said.
The Swiss government has already started paying back the black money to some of the countries, he said quoting Batchman.
Claiming that the Swiss government has also conveyed to the Indian government its readiness to send back such money, the BJP vice-president accused the UPA government of not moving forward to fulfil the required formalities in this regard.
"It shows that our government is not willing to act on the issue," Kumar said.
Charging Prime Minister Manmohan Singh with "misleading" the people by saying that it was a matter of tax evasion of Rs 40,000 crore only, he said around Rs 70 lack crore of black money is stashed away in Swiss banks alone.
He said that around 2000 lack crore of money was looted from India to be deposited in banks abroad since 1947.
He said if the government doesn't act fast in this regard the Indian account holders shall re-circulate the same.
Himachal chief minister P K Dhumal added that this black money is much more than the total amount of all the budgets of the country since independence.
He said if this money is taken back, India will not only become free from the burden of debts but also emerge as a super power.
Claiming that the USA sued Switzerland on this issue and got 800 million dollars as fine and its money back in an out of court settlement, Dhumal questioned what was preventing Indian government from doing so.