A study released by Global Financial Integrity (GFI) has revealed that $123 billion has been siphoned out of india during the ten years period from 2001 to 2010. India is the eighth largest victim of the loss of black money to other countries.
There need be no doubt about the above report. Whether it is Swiss Bank Accounts or money put in other similar banks and countries, India’s money has been siphoned off in a big way. The government is not taking any action to recover the same even after some information are received about the Indian accounts is swiss banks. High profile politicians and corporates are involved.
The issue of black money need to be focussed and the government should be compelled to take stringent action to bring it back and also punish the culprits, however high he/she may be.