No one seemed to talk about the problem of this ill-gotten money prior to Mr. Singh’s departure to London. All of us expected the Punjab Lion, being a highly rated scholar with Mr. Clean image, to roar on Pak sponsored terrorism. We expected USA and their allies to tremble and hang their head in shame for their failure and inaction in reining in Pakistan. But none of that happened. What happened was that the Americans through their ally Germany raised the question of illegal wealth kept in tax havens. The result was that lion’s roar became a cat’s mew. Mr. Singh who was earlier even the RBI Governor, must be very well aware who are all his party men, or their allies who keep illegal accounts and how much are the figures. Our PM took Obama’s autograph on a piece of paper and “discussed” terrorism not with respect to India, but with respect to the problem as a “world phenomenon”. When the Times Now correspondent asked Obama “what was USA doing to help India tackle terrorism?” Obama reply was that our PM was a “wonderful man” (Earlier Bush had also called our PM a “good man”)!
Obama in his much touted Af-Pak Policy, has doubled the protection money (which he calls as aid) he pays indirectly to terrorists through the Pak Govt as agents. He does not make even a passing reference to problems like 26/11 created by Pakistan. May be he thinks that lives of millions of ordinary Indians who are victims of the daily Pak terrorist attacks is expendable.
Our current Dossier and Replies Minister who successfully buried 26/11 under heap of files, was the earlier share market minister who conducted the Sensex symphony with participatory notes, which in turn was created by tax haven ill-gotten wealth. His reply to Mr. Advani’s comments on bringing the money buried in tax havens back to India, are muted and evasive. But our strongest doubts are whether the recent G20 discussion was just a ploy to blackmail Mr. Manmohan Singh, his party and their allies and by that way India itself, to make us toe their line. Worse still, is the security of the nation, our defense and foreign policies all are being compromised?

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Also happened to read the following article regarding illegal money deposited by wealthy Indians in the so called "Swiss Bank" accounts.
India’s silence over tax havens, a concern
(By Olga Tellis, Deccan Chronicle dated April 8, 2009)
There has been a lot of excitement generated by the G-20s’ pledge to take action on the tax havens.
The US and Germany were in the forefront making this demand. Germany had earlier got the names of 1,400 clients of the Liechtenstein based LTG bank, who had parked their monies with the bank. The money in tax havens is money that is basically sent out to evade taxes.
Of these 1400 names, about 600 were Germans. One does not know what Germany did with this information but that information can be had is interesting. India could get the Indian names in the list if it wants.
India and Tax Havens
India had been conspicuously quiet on this issue. Perhaps, she does not have much of a leg to stand on because this ‘black wealth’ is permitted officially to through the Mauritius route, tax free of course. It is also permitted through Participatory Notes, and that’s why there was a tremendous uproar in powerful circles when there was a curb put on PNotes by the Securities and Exchange Board of India.
The money in Swiss banks has always been a concern in the country but it has now got muscle because of the G20 stand. In India, the BJP has taken up the election in its election manifesto. It has said that if it comes to power it will try and bring back the Indian money lying in the Swiss banks. As a measure of its seriousness, BJP said it would form a task force that would include Prof. R. Vaidyanathan, of IIM, Bangalore.
Colossal Flight
Prof. Vaidyanathan has done a lot of work on this subject. Quoting from the Global Financial Integrity study, he said in an interview to Rediff that the average amount stashed away from India annually during 2002-2006 is $27.3 billion (about Rs.136, 466 Crores). It means that during the 5 year period the amount stashed away is $136. 5 billion (about Rs. 692,328 crores). Around 45% of this is in Swiss banks.
What does this astronomical amount stashed away in Swiss bank accounts mean for the Indian economy? One did a back of the envelope calculation and gathered that this amount could have become Rs.260,000 Crores in 2009. Had this money been available to India, the taxman could have collected around Rs. 86, 997 crore with minimum tax. This revenue could have financed 27% of the country’s fiscal deficit, which is 326, 515 Crores.
The amount in tax havens also amounts to 5.2% of the country’s GDP which is around 50,000 crores.

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It is very clear that India is poor country but many Indians are super rich.

Nobody wants do anything including our former Finance Minister PC who himself has money stashed away.

I sincerely want the USD to go into a free fall so that these guys will not have time to convert it into another denomination and their money should be worth nothing more than the paper it is written upon it.

By the way on a sidetrack did you guys read the story about the new Super Star of Tamilnadu politics called J.K.Rittish aka J.K.Sivakumar. He has been given the MP seat for DMK from Ramanathapuram in Tamilnadu.

It is reported that when Jayalalitha moved USD in 40'containers he is supposed to have moved a few for himself and that money is raining in Tamilnadu.

This kid is a true success story.

May be has a few Containers stashed away with USD in the coasts of Tamilnadu.

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Sunny Leone a true Canadian DESI now back in India !.

We say commulalism, terrorism, regionalism etc. bad for our country. What "ism" we should call this hoarding our country's wealth in secret bank accounts in Swiss and South American island banks. This money rightfully belongs to the poorest of the poor, who do not know what is social security, health care, insurance, pension etc. Millions of such people in India, just toil hard for anywhere between 12 to 18 hrs a day, as long as their age and health permits, till their last day and last hour and just drop dead. Why not collect all these super rich on a ship and send them to Kala Pani, or any other nearby island inhabited by poisonous insects, reptiles and human flesh eating adivasis. Anyway, their wealth is of no use to our poor, as those corrupt people are not going to divulge information about their account details,. Better we will get rid of those anti-nationals and their immediate family members and confine them to some uninhabited island in Andaman or Lakshadweep for their remaining life time.

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Mr. Gurumurthy well known CA, economist and columnist says that if we were to bring all the ill gotten money stashed away, the govt can give Rs. One Lac each to 70 crore of the 118 crore population.

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