Saturday, January 22, 2011

The great Indian robbery : India Today

The great Indian robbery : India Today: "At least $500 billion, or Rs 22.5 lakh crore, has been spirited out of India illegally to foreign bank accounts over the six decades since Independence. This is the key finding of a comprehensive study on the Drivers and Dynamics of Illicit Financial Flows from India: 1948-2008 conducted by the US-based Global Financial Integrity (GFI). This staggering sum amounts to almost half of India's $1.3-trillion GDP and is parked in accounts across exotic locales such as Switzerland and the Cayman Islands. The identities of the owners of this loot are unknown, as of now. But the sanctuary of ignorance has begun, at long last, to crumble."

1 comment:

Anonymous said...

in the recent wikilieaks swiss bank details also not featured any prominent indian person bank details