Friday, February 4, 2011

Swiss Bank Money

Swiss Cash is the money which is Deposited in banks of switzerland.
In Old Age movies of India Vilan Ranjeet Says
" आपका काम हो गया हैं ओरे हमारा पैसा स्विस बैंक अकाउंट में दाल देना "
Every villan wants to his bank account their.
There are different laws to open a Swiss bank account.
The very first important law is that if you are not a citizen of Switzerland, you must be at least 18 years old.
You can open your account in any currency. Normally people choose American dollars currency.

According to the data provided by the Swiss bank, India has more black money than rest of the world combined. India topping the list with almost $1500 Billion black money in swiss banks, followed by Russia $470 Billion, UK $390 Billion, Ukraine $100 Billion and China with $96 Billion.

It’s embarrassing for any country to top the list of black money holders. The money which belongs to the nation and it’s citizens, is stashed in the illegal personal accounts of corrupt politicians, IRS, IPS officers and industrialists. An amount which is 13 times larger than the nations foreign debt. Every year this amount is increasing at a rapid speed but the Indian government seem to be silent over this matter from a very long time. The total black money accounts for 40% of GDP of India, if all the money comes back to India then that could result in huge growth burst for India.

A nation where more than 450 million live below the poverty line, which means they make less than $1.25/day. By bringing back the black money back to the country there is so much which can be done for the development of the nation and the people who live below poverty line. India will also be able to clear all their foreign debts in 24Hrs. Even if all the taxes are abolished, the government can maintain the country easily for 30 years.

It’s been found that about 80 thousand people travel to Switzerland every year of whom around 25 thousand travel frequently. Those travelling on regular basis must be doing it for some reason.

The Indian government needs to take some serious steps to get the money back to India which is stashed in Swiss banks. They should work to find out the names of account holders in Swiss banks and also pressurize Swiss bank to get the black money back to the country. This has also become a matter of pride of nation and if the government still keeps silence about this issue then they will only be making themselves a laughing stock for the entire world.

Swiss Bank Secrets By WikiLeaks

A former Swiss private banker handed over data on hundreds of offshore bank account holders to WikiLeaks founder Julian Assange on Monday, saying he wanted to draw attention to financial abuses.
Rudolf Elmer, 55, headed the office of Julius Baer in the Cayman Islands until he was fired by the bank in 2002. He is scheduled to go on trial in Switzerland on Wednesday for breaching bank secrecy.
Swiss national Elmer handed Assange the data at a news conference at a media club in London. The two yellow and blue discs contain information on around 2,000 banking clients, both individuals and companies, he said, declining to reveal further details on the data.

"Working in the Cayman Islands I realised that something was wrong... I want to let our society know what I do know because it's damaging our society in a way that money is moved away by financial institutions, multinational conglomerates and high-net-worth individuals, money is hidden in offshore ventures," Elmer told a room packed with reporters.
Julius Baer has accused Elmer of embarking on a vendetta against the company. Its shares fell more than 3 percent on Monday and traders cited the WikiLeaks link as a potential factor.
Vetting information
WikiLeaks will take at least "a couple of weeks" to vet the data before publishing it, Assange said. Vetting will be done by themselves, media organisations and other partners to protect sources.
"We have a four-year publishing history. We have never been wrong ... so far as we are aware in relation to anything we have published," said Assange, who is on bail in Britain and fighting extradition to Sweden where he faces questioning over alleged sex crimes.
WikiLeaks may also hand over some of the material to Britain's Serious Fraud Office, he added.
In 2007 Elmer became one of the first whistleblowers to use WikiLeaks, which angered US authorities last year by publishing hundreds of secret diplomatic cables it had obtained.
Assange said the data Elmer had provided previously about the Cayman Islands revealed "corrupt practices" and "clear asset-hiding". He said he expected similar revelations from the new data.
Julius Baer denounced Elmer for waging a campaign to discredit the bank and its customers.
"After his demands (including financial compensation) in connection with the dismissal could not be satisfied, Mr Elmer embarked in 2004 on a personal intimidation campaign and vendetta against Julius Baer," the bank said in a statement.
"The aim of his activities was and is to discredit Julius Baer as well as clients in the eyes of the public."

Indian Black Money

Our Indians' Money - 70, 00,000 Crores Rupees  In Swiss Bank

1) Yes, 70 lakhs crores rupees of  India are lying in  Switzerland banks. This is the highest amount lying outside any country, from amongst 180 countries of the world, as if  India is the champion of Black Money.

2) Swiss Government has officially written to Indian Government that they are willing to inform the details of holders of 70 lakh crore rupees in their Banks, if Indian Government officially asks them.

3) On 22-5-08 , this news has already been published in The Times of India and other Newspapers based on Swiss Government's official letter to Indian Government.

4) But the Indian Government has not sent any official enquiry to  Switzerland for details of money which has been sent outside  India between 1947 to 2008.. The opposition party is also equally not interested in doing so because most of the amount is owned by politicians and it is every Indian's money.

5) This money belongs to our country. From these funds we can repay 13 times of our country's foreign debt. The interest alone can take care of the Center s yearly budget. People need not pay any taxes and we can pay Rs. 1 lakh to each of 45 crore poor families.

6) Let us imagine, if Swiss Bank is holding Rs. 70 lakh Crores, then how much money is lying in other 69 Banks? How much they have deprived the Indian people? Just think, if the Account holder dies, the bank becomes the owner of the funds in his account.

7) Are these people totally ignorant about the philosophy of Karma? What will this ill-gotten wealth do to them and their families when they own/use such money, generated out of corruption and exploitation?

8) Indian people have read and have known about these facts. But the helpless people have neither time nor inclination to do anything in the matter. This is like "a new freedom struggle" and we will have to fight this.

9) This money is the result of our sweat and blood.. The wealth generated and earned after putting in lots of mental and physical efforts by Indian people must be brought back to our country.

10) As a service to our motherland and your contribution to this struggle, please share this hub amongst your friends and relatives and convert it into a mass movement.

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