Wikileaks expose- Watch out helplessly!

It's now proven there are Indian acounts with almost trillions stashed away in Swiss bank acounts. There is global pressure for India to act and nail those who've stashed away billions in secret Swiss accounts.

In the first direct confirmation of Indian black money in Swiss Banks, John Christiansen, the director of Tax Justice Network, the tax evasion watchdog - says India can do a lot more if it wants to get back Indian money in Swiss accounts.

Swiss Finance Ministry has promised to help India with details of particular accounts if the government provides proof that tax evasion has taken place.

Meanwhile, even as the global pressure builds, the issue was reportedly also discussed in the Cabinet meeting.

Global watchdogs say it has been proven beyond doubt that a large chunk of the money in Swiss banks is from India.

Leading international tax advocacy groups are now demanding that India act to ensure that India use its international clout to access the information on these accounts.

In a clear indication that the government is buying time on the black money controversy, both the Cabinet and Central bureau of direct taxes says, it is working proactively to get details of the Swiss black money.

The Supreme Court pulled up the Government for withholding information on black money stashed in foreign banks, saying it is not just limited to tax evasion but a "mind boggling crime" amounting to theft and plunder of national wealth having security ramifications.

The apex court made the observation while hearing a petition filed by noted criminal lawyer Ram Jethmalani, who along with some retired bureaucrats and police officers, approached it seeking directions to the government to take steps to bring black money to the tune of one trillion dollars stashed in foreign bank back to the country.

The Centre's contention before the court is that it was a case of tax evasion and it cannot make public the names of Indian account holders.However, wikileaks has taken a public responsibilty and initiative to reveal all these records into lime light. The founder of wikileaks deserves respect in spite of various hurdles and shortcomings, he once again proves his ability with support from all over the world.


The future of India will be re-written only if the black money from these corrupted hands are seized and transferred. But it is only a day dream since most of the accounts are owned by our reputed ministers and officials.. It s a bitten truth to digest !!!!!