At last under worldwide pressure, the Swiss National Bank President Walter Meier has admitted that there is a huge $ 2.5 billion deposits from Indians in the Swiss Banks. It was $ 2.7 billion in 2009 and $ 3 billion in 2008.
The reluctance of Indian Government to expose and take action against those who stashed the money in the Swiss Banks, which are mainly illegal and black money, is well-known. Even after the remarks by the Supreme in the undue delay in unearthing black money, the Government has not moved. In fact, it seems that the government wants to save these culprits. They have grown only with the support of those in power.
The Government should take stringent actions against these hoarders and bring back the money to India and use it for the uplift of the poor in the country.