50 Indians in a Black list of Tax evaders

28.05.10 : They are not rank students of IAS or Comed-K, but Indians who possess black money in a foreign country bank account. The unaccounted money is of no use to the country to which these Indians belong. Their names have been published by German banks and thereby they are exposed to Income tax detectors (sleuths) as “IT evaders”

The German govt, had sent the list of such tax evaders and foreign bank depositors, to Govt, of India two months ago. Notices have been served on those unpatriotic businessmen and capitalists, according to finance ministry sources in the capital. The Central Govt has not taken any punitive action against these monetary traitors. The Swiss govt also has been asked to furnish a list of similar black money protectors.

The Swiss banks have not obliged the Indian government with the names of such account holders (and tax evaders) from India so far, on the pretext of secrecy and public policy. Nearly 20% of Indian money in circulation is said to be unaccounted or black. The consequent inflation is in double digits up to 14% in 2010. Most of the black money comes through real estate and Exim transactions.