How much Money is Siphoned out of India DAILY???

Here is little unnatural question, How much Money is Siphoned out of India DAILY??? Wanna know the answer to it? Just read below lines from an article.

More than $125 billion worth of funds meant for the uplift of Indians were illegally siphoned out of the country by corrupt politicians and corporates between 2000 and 2008, hindering inclusive growth, says to a leading think tank here.

“Much of the funds flowing out are generated at home within India and then sent illegally abroad,” said an upcoming report from Global Financial Integrity (GFI).

“So the growth of corruption and India’s underground economy contributes significantly to illicit financial flows from the country,” said the research arm of the Centre for International Policy (CIP).

So if you calculate in Rupee terms, it comes out that approx. Rs. 587500 Crores Indian Rupees were siphoned out of the country between 2000 and 2008 & these funds were meant for the uplift of Poor Indians. So if you consider 8 Years time span in which these funds were siphoned out and then sent illegally abroad, it comes out to be approx. Rs. 200 Crores daily. Can you imagine that approx. Rs. 200 Crores of money meant for upliftment of poor were siphoned out of the country daily.....It's just unimaginable but TRUE. Read full report here....India’s corrupt siphoned out $125 bn in eight years: Report

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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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