Voice from the Rooftop

Blog of Vincent Augustine D'Souza

Black money in Swiss banks

Wikileaks has made public the names of Indians who have black money in Swiss banks and LGT Bank, Liechtenstein. There are main accounts and sub accounts. Nira Radia has 289990 crore rupees. If she is not an Indian citizen she cannot be prosecuted.

Some account holders are businessmen. Naresh Goyal, Harshad Mehta and Ketan Parekh are mentioned. Politicians include Rajiv Gandhi (19800 crore rupees), Sharad Pawar, Karunanidhi, Stalin, Chidambaram, A. Raja, Suresh Kalmadi, Laloo Prasad Yadav, H. D. Kumaraswamy and Jyotiraditya Scindia. Rajiv Gandhi died in 1991. Who operated his accounts after that is not mentioned.

TV channels did not report the event. The channels had devoted lot of time for diplomatic cables. Even if they gave prominence to Anna Hazare’s fast for Lokpal Bill it defies comprehension that they did not even mention about account holders. Some months back Times Now was eager to reveal the names when they became public but was quiet when names became known. May be the owners of TV channels have black money in Swiss banks. May be politicians and businessmen have used all means to silence the media.

As per The Sunday Express report dt. 7/8/2011 France had given to India list of 700 HSBC accounts in Geneva, Switzerland. Names of account holders have not been made public.

By this time all money could have disappeared from those accounts and moved to other places like Cayman Islands, Mauritius and Singapore. Rudolf Elmer had given the names to Julian Assange in January 2011. Switzerland will not give details of past accounts.

Since the account holders are in power or have access to people in power it is tough to prosecute them. It will be possible to prosecute them once they are out of power or have no access to people in power.

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