How much Indian money is stashed away in Swiss banks???

Now it is an open secret that hoards of Indian black money is stashed away in Swiss banks. Whether it is corrupt politicians of India or all such businessmen or other such people who earn money by wrong means. Here below is a paragraph from TOI report which says about the black money of Hassan Ali Khan but also about the approximate sum of black money hoarded in Swiss banks by all such Indians.

"Pune businessman and racehorse owner Hassan Ali Khan was raided by the Income Tax department, Mumbai in 2007 and found to be operating a bank account in UBS, Zurich with a sum of over $8 billion. That raid spawned a host of investigations against Khan. The documents of the account were recovered from his Pune house. Estimates of the total Indian money stashed away in Swiss banks is around $1,410 billion."

Oh!!!! God, the sum stashed away in Swiss banks by these corrupt people is around $1,410 billion. In Indian Rupees it comes out to be Rs. 67,68,000 Crores or Rs. 67,680,000 Millions. So now you can see how much Indian Taxpayers money is stashed away in Swiss banks only. It is only a fraction of the total money stashed away in all different banks of the world.

Read full TOI report here.....................Pune tycoon may face Rs 1 lakh cr fine for acquiring Rs 36,000 cr

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