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#1
**** In Swiss Bank

Swiss Banking Association report 2006

by Naman Sood on Apr 15, 2008 01:44 PM


Deposits in Banks located in the territory of Switzerland by nationals of following countries

Top 5

India---- $1456 billion
Russia----- $470 billion
UK-------- $390 billion
Ukraine $100 billion
China------ $96 billion

Now do the math India with$1456 billion or $1.4 trillion has more money in Swiss banksthan rest of the world COMBINED.
Public loot since 1947: Let us bring back our money

M R Venkatesh |April 15, 2008 | 09:34 IST

It is one of the biggest loots witnessed by mankind -- the loot of theaam aadmi(common man) since 1947 by his brethren occupying public office.

It has been orchestrated by politicians, bureaucrats and some businessmen. The list is almost all-encompassing. No wonder, everyone in India loots with impunity and without any fear.

What is even more depressing in that this ill-gotten wealth of ours has been stashed away abroad into secret bank accounts located in some of the world's best known tax havens. And to that extent the Indian economy has been striped of its wealth.

Ordinary Indians may not be exactly aware of how such secret accounts operate and what are the rules and regulations that go on to govern such tax havens. However, one may well be aware of 'Swiss bank accounts,' the shorthand for murky dealings, secrecy and of course pilferage from developing countries into rich developed ones.

In fact, some finance experts and economists believe tax havens to be a conspiracy of the western world against the poor countries. By allowing the proliferation of tax havens in the twentieth century, the western world explicitly encourages the movement of scarce capital from the developing countries to the rich.

In March 2005, theTax Justice Network(TJN) published a research finding demonstrating that $11.5 trillion of personal wealth was held offshore by rich individuals across the globe. The findings estimated that a large proportion of this wealth was managed from some 70 tax havens.

Further, augmenting these studies ofTJN, Raymond Baker -- in his widely celebrated book titledCapitalism's Achilles Heel: Dirty Money and How to Renew the Free Market System-- estimates that at least $5 trillion have been shifted out of poorer countries to the West since the mid-1970s. It is further estimated by experts that one per cent of the world's population holds more than 57 per cent of total global wealth, routing it invariably through these tax havens. How much of this is from India is anybody's guess.

What is to be noted here is that most of the wealth of Indians parked in these tax havens is illegitimate money acquired through **** means. Naturally the secrecy associated with the bank accounts in such places is central to the issue, not their low tax rates as the term 'tax havens' suggests. Remember Bofors and how India could not trace the ultimate beneficiary of those transactions because of the secrecy associated with these bank accounts?

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#2
Re: **** in Swiss bank

If you look at the map, you probably won't understand why Switzerland isn't at least part of the European Union, but if you look at information like the one you posted, you'll begin to understand...

#3
Re: **** in Swiss bank
Quoting from [Anshu]:

**** In Swiss Bank


Could some of that be from VAT fraud? I would not be surprised.
#4
Re: **** in Swiss bank
Quoting from[Anshu]:

**** In Swiss Bank

Swiss Banking Association report 2006

by Naman Sood on Apr 15, 2008 01:44 PM


Deposits in Banks located in the territory of Switzerland by nationals of following countries


Top 5

India---- $1456 billion
Russia----- $470 billion

UK-------- $390 billion

Ukraine $100 billion

China------ $96 billion

Now do the math India with$1456 billion or $1.4 trillion has more money in Swiss banksthan rest of the world COMBINED.

Public loot since 1947: Let us bring back our money

M R Venkatesh |April 15, 2008 | 09:34 IST

It is one of the biggest loots witnessed by mankind -- the loot of theaam aadmi(common man) since 1947 by his brethren occupying public office.

f this report is true that means being rotten to the **** really pays good, and being honest really sucks. I want my share of the loot it, or I'll wreck the system. yes rich countries are looting the poor countries who are ran by corrupted administrators, everybody knows.. so what? Nothing will ever change till teh Judgement Day. So cool of brother.
#5
Re: Black Money in Swiss bank

Blood money:

We pray to god that someday it will dawn upon swiss government that this is the blood money & must be returned to its rightful owners. The least they can do is to declare the amount being hold by them,if they cannot disclose the owners of the funds.

#6
Re: **** in Swiss bank
i would like to bye somethings from this company (Shenyang Yuemeng Trading Co., Ltd ) Address:120 Jiefang Road, Yantai City, Shandong Province, China . First name: Meixia Last name: Su , but i'm afraid to lose my money , could you please advice me how to manage or just answer me if they are good or bad .please help me .
#7
Re: **** in Swiss bank
holy cow! this is ridiculous :S
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alibaba
#8
Re: Re: **** in Swiss bank

I think "trust each other" is basis if you want to do bussiness with anyone.

 

#9
Re: **** in Swiss bank
but it should not be done like chinese
RC Bulldozers ~ Ball Valves ~ Wheel Loaders ~ Granite Slabs ~ Cone Crushers ~ Plasma Cutters
#10
Re: Black Money in Swiss bank
Nice info. Where is this published ?
#11
Re: Black Money in Swiss bank
wow is that true?

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