Reports of some Indian milliners misusing Switzerland’s bank protection laws, have clandestinely deposited billions of dollars in different Swiss banks, safe from the reach of Indian income tax and enforcement agencies. In yet another ‘expose’, IAC leader Arvind Kejriwal has claimed that a senior Congress leader gave him a list of Indians who have accounts in the Geneva branch of HSBC Bank where they have deposited unaccounted money routed out of India illegally through hawala channels. At a press conference Kejriwal said that a CD containing names of 700 individuals, who had account in the HSBC bank as of December 2006, was handed over to the India government by France. Mr Kejriwal claimed CBI Director A P Singh had said black money worth more than 25 lakh crore was stashed abroad by Indians. Swiss neutrality pinches our country.
Nobody can endorse the veracity of these claims but what is rumoured creates many doubts in the mind of ordinary Indians especially when those supposed to protect the law and the constitution are allegedly involved in illegal deposits abroad. As such it is the responsibility of the Central government to explain to the public what the real picture about the rumour is. People of India have a right to know where their money is gone.
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